THE CROSSINGS at FLEMING ISLAND
Community Development District
July 22, 2021

AGENDA

The Crossings at Fleming Island Community Development District
475 West Town Place, Suite 114 St. Augustine, Florida 32092

July 15, 2021

Board of Supervisors
The Crossings at Fleming Island Community Development District
Call In #: 1-866-642-1665 Code 897577

Dear Board Members:

The Crossings at Fleming Island Community Development District Board of Supervisors Meeting is scheduled for Thursday, July 22, 2021 at 6:00 p.m. at 2217 Eagle Harbor Parkway, Fleming Island, Florida 32003.

Following is the advance agenda for the meeting:

Roll Call

Pledge of Allegiance

Public Comment

Approval of Consent Agenda
Approval of the Minutes of the May 27, 2021 Meeting

Financial Statements

Check Register

Consideration of Changes to Golf Club Membership, Application and Rules Documents

Consideration of NGF Report on the Golf Program

Consideration of Landscape Maintenance Proposals

Acceptance of the Fiscal Year 2020 Audit

Discussion on the Fiscal Year 2022 Budget

Management Team Reports

District Counsel

Tree Amigos – Report

Hampton Golf – Report

District Manager & Operations – Report

Supervisors’ Requests and Audience Comments

Next Scheduled Meeting – August 19, 2021 at 6:00 p.m. at 2217 Eagle Harbor Parkway

Adjournment

FOURTH ORDER OF BUSINESS

A.

The Crossings at Fleming Island CDD Board of Supervisors Meeting Minutes Thursday, May 27, 2021
1880 Eagle Harbor Parkway Fleming Island, Florida

(Please note: This is not verbatim, a CD recording of the board meeting is available on file for review).

Board Members Present

John Tabor, Chairman
Mike Bruno, Vice Chairman Tom Burt, Supervisor
David Herold, Supervisor by telephone Laurie McIntyre, Supervisor

Staff Present
Sam Garrison, District Counsel, Kopelousos, Bradley & Garrison
Steve Andersen, District Manager and Operations Manager, Eagle Harbor James Perry, District Administrator, Governmental Management Services, LLC Dawn Decaminada, Amenity Director
David Plevin, Hampton Golf Cori Kirk, Hampton Golf

-	Roll Call
Mr. Perry called the meeting to order at 6:00 p.m. and called the roll.

Pledge of Allegiance

May 27, 2021	The Crossings at Fleming Island CDD

Vice Chairman Bruno moved to approve Supervisor Herold participating by telephone. Supervisor McIntyre seconded the motion. Motion passed 5-0

Approval of Consent Agenda
Approval of the Minutes of the April 22, 2021 Meeting
Financial Statements
Check Register

Vice Chairman Bruno moved to approve the consent agenda items. Supervisor McIntyre seconded the motion. Motion passed 5 - 0

Acceptance of the Engagement letter with McDirmit Davis for Audit Services

Vice Chairman Bruno moved to approve the engagement letter with McDirmit Davis to perform the fiscal year 2021 audit in the amount of $9,000. Supervisor Burt seconded the motion. Motion passed 5 - 0

Consideration of Proposals for Reclaimed Water Control Panel Replacement
Mr. Andersen stated the present technology is outdated and the system dropped offline a few times in the winter. There is a need to replace the components of the control panel that controls how the pumps cycle on. Three companies inspected the system and submitted proposals. There is quite a difference in price because two companies did not include installation and the installation is close to $17,000. ProPump is the original designer and installer. They have also taken a deep dive into the rest of the system. Once the control panel is replaced, we will be able to evaluate the remainder of the system giving us a clear picture of how to renovate the remainder of the system. The new control panel will let us know if the current 5 pumps are sized and sequenced correctly. The repairs required after the control panel could be $300,000 to $500,000 (budgeted to come from the water/sewer fund). Our recommendation is to award ProPump the control panel replacement. The funding will come out of the water and sewer fund from money that has been set aside in the budget for capital.

May 27, 2021	The Crossings at Fleming Island CDD

Vice Chairman Bruno moved to approve the proposal from ProPump for replacement of the reclaimed water control panel in the amount of $81,627. Supervisor Burt seconded the motion. Motion passed 5 - 0

Discussion on Landscape RFP Project Manual
Mr. Andersen stated the RFP and project manual for landscape maintenance along with the proposed three-year contract with two on-year renewals are in the agenda package. We still have two one-year renewals, but the Board decided to bid it this year. Based on a conversation with Supervisor McIntyre, I will be adding an alternate line item for the eradication and control of vines. Mr. Garrison stated unless there is a strong objection, we are going to recommend some updated language that GMS utilizes, which I have used with some of our other government clients, and it sets the expectation that the proposers should not be contacting individual supervisors during
the process.
There was no objection to the amendment to the RFP package.

Consideration of Resolution 2021-05 Approving the Proposed Budget for Fiscal Year 2022 and Setting a Public Hearing Date for Adoption
Mr. Andersen reviewed the proposed FY22 budget with the Board, highlighting various significant line items in the budgets.

Supervisor Burt proposed separating the District Manager’s salary from GMS and putting it with other salaries in each budget. Considerable discussion occurred during which Mr. Andersen stated that his salary is public knowledge at $120,000 annually and is budgeted across all budgets he oversees to properly present the costs and to be transparent.

Mr. Burt moved to breakout the salary of the District Manager as a specific line item. Supervisor McIntyre seconded the motion. Motion failed 4-1

Chairman Tabor stated I would like to move the August meeting to the third Thursday.

May 27, 2021	The Crossings at Fleming Island CDD

Supervisor Herold moved to approve Resolution 2021-05 approving the proposed fiscal year 2022 budget and setting a public hearing for August 19, 2021. Vice Chairman Bruno seconded the motion. Motion passed 5 - 0

Management Team Reports
District Counsel

Tree Amigos - Report
A copy of the report was included as part of the agenda package.

Hampton Golf - Report
Mr. Plevin gave an overview of the performance report.

District Manager & Operations
Field Operations Report
Mr. Andersen handed out the 10-year capital improvement plan.

Report on the Number of Registered Voters – 7,960
A copy of the letter from the supervisor of elections indicating that there are 7,960 registered voters residing within the district was included in the agenda package.

Supervisor’s Requests and Audience Comments
Supervisor Burt wanted the May 16th survey results of (1) dog park (2) fitness center and
(3) pickleball added to the minutes. Supervisor Burt stated we had a 7% response, and I don’t know if that was good or bad since it was the first time a survey was done.

Next Scheduled Meeting – June 24, 2021 at 6:00 p.m. at 1880 Eagle Harbor Parkway
Chairman Tabor stated I’m having surgery on June 24th and if the board would indulge, I would like to move the meeting to the prior week, third week of June.
Supervisor Burt stated I will not be here on the 17th. Chairman Tabor asked can you participate by phone?

Chairman Tabor moved to allow Supervisor Burt to participate by telephone at the June 17th, 2021 meeting. Vice Chairman Bruno seconded the motion. Motion passed 5-0

May 27, 2021	The Crossings at Fleming Island CDD Supervisor Burt stated yes.

With no objection the June meeting was moved to June 17, 2021.

Adjournment
Hearing no objection, the Chairman adjourned the meeting at 7:45 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

B.

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT
COMBINED BALANCE SHEET
June 30, 2021

 	Governmental Funds	 	Proprietary Funds	        	
Debt	Capital	Water/	Golf	Swim &	Totals
 	General	Reserve	Service	Projects	 	Sewer	Fund	Tennis	 	FY2021	

ASSETS:		
Cash - Wells Fargo	$191,389	$58,437	---	---	$328,505	$199,080	$573,971	$1,351,382	
Cash - BB&T	---	---	---	---	$415,407	---	---	$415,407	
Petty Cash	---	---	---	---	---	$2,200	$900	$3,100	
Accounts Receivable	---	---	---	---	$68,222	$17,825	$41,324	$127,371	
Investments:									
Operations:									
State Board	$2,611,790	$825,266	---	---	$2,065,321	$233	---	$5,502,611	
State Board - Unforeseen Exp	$1,452,808	---	---	---	---	---	---	$1,452,808	
Series 1999									
Reserve	---	---	---	---	---	$90,865	---	$90,865	
Interest	---	---	---	---	---	$2	---	$2	
Revenue	---	---	---	---	---	$2,905	---	$2,905	
Operating Reserves	---	---	---	---	---	$82,279	---	$82,279	
Sinking	---	---	---	---	---	$7	---	$7	
Series 2007/2016 Refunding/2017									
Reserve	---	---	---	---	$1	---	---	$1	
Surplus	---	---	---	---	$613,838	---	---	$613,838	
Rate Stabilization	---	---	---	---	$261,815	---	---	$261,815	
Renewal & Replacement	---	---	---	---	$288,427	---	---	$288,427	
Revenue	---	---	---	---	$678,777	---	---	$678,777	
Interest	---	---	---	---	$235,827	---	---	$235,827	
Redemption - Tax Exempt	---	---	---	---	$793	---	---	$793	
Redemption - Taxable	---	---	---	---	$244	---	---	$244	
Series 2014 - A-1/A-2									
Reserve A-1	---	---	$1,013,439	---	---	---	---	$1,013,439	
Revenue	---	---	$498,978	---	---	---	---	$498,978	
Prepayment A-1	---	---	$5,763	---	---	---	---	$5,763	
Reserve A-2	---	---	$380,776	---	---	---	---	$380,776	
Interest A-2	---	---	$0	---	---	---	---	$0	
Prepayment A-2	---	---	$902	---	---	---	---	$902	
Series 2014 - A-3									
Reserve A-3	---	---	$380,231	---	---	---	---	$380,231	
Revenue	---	---	$210,641	---	---	---	---	$210,641	
Prepayment A-3	---	---	$14,288	---	---	---	---	$14,288	
Series 2017									
Reserve - 2017	---		---		$33,466		---		---		---		---		$33,466	
Interest - 2017	---		---		$0		---		---		---		---		$0	
Revenue - 2017	---		---		$37,194		---		---		---		---		$37,194	
Prepayment - 2017	---		---		$0		---		---		---		---		$0	
Sinking - 2017	---		---		$0		---		---		---		---		$0	
Construction - 2017	---		---		---		$5,894		---		---		---		$5,894	
Inventory	---		---		---		---		---		$114,590		$36,426		$151,017	
Due from General	---		$32,300		$67,446		---		---		---		---		$99,746	
Due from Water/Sewer	$2,750		---		---		---		---		---		---		$2,750	
Due from S&T	$8,608		---		---		---		---		---		---		$8,608	
Due from Golf Course - Loan	$85,800		---		---		---		---		---		---		$85,800	
Due from Golf Course	$20,359		---		---		---		---		---		---		$20,359	
Deposits	$35,000		---		---		---		---		$7,146		---		$42,146	
Prepaid Expenses	$0		---		---		---		---		$27,926		$17,287		$45,214	
Fixed Assets	 	--- 		 	--- 		 	--- 		 	--- 		 	$10,901,485 		 	$5,074,087 		 	--- 		 	$15,975,572 	
TOTAL ASSETS	 	$4,408,505 		 	$916,003 		 	$2,643,126 		 	$5,894 		 	$15,858,661 		 	$5,619,145 		 	$669,909 		 	$30,121,242 	

LIABILITIES:																
Accounts Payable	$98,598		$0		---		---		$396,249		$171,871		$38,026		$704,745	
Accrued Payroll/Bonuses	---		---		---		---		---		$86,150		$22,601		$108,751	
Member Liability	---		---		---		---		---		$69,602		---		$69,602	
Due to General Fund	---		---		---		---		$2,750		$13,598		$7,746		$24,094	
Due to General Fund - Loan	---		---		---		---		---		$85,800		---		$85,800	
Due to Debt Service	$67,446		---		---		---		---		---		---		$67,446	
Due to Reserve	$32,300		---		---		---		---		---		---		$32,300	
Due to Golf	$5,830		---		---		---		---		---		---		$5,830	
Deferred Income	$158,154		---		---		---		---		$49,319		$36,305		$243,778	
Deposits Payable	$4,373		---		---		---		$274,755		$0		$9,675		$288,803	
Accrued Interest Payable - Bonds	---		---		---		---		$208,859		$2,521,498		---		$2,730,357	
Accrued Principal Payable	---		---		---		---		$678,750		$3,102,500		---		$3,781,250	
Maintenance Warranties	---		---		---		---		$3,164		---		---		$3,164	
Bonds Payable - 1999	---		---		---		---		---		$2,120,000		---		$2,120,000	
Bonds Payable - 2016 Ref	---		---		---		---		$20,810,000		---		---		$20,810,000	
FUND BALANCES/NET POSITION:																
Nonspendable	$241,872		---		---		---		---		---		---		$241,872	
Restricted for Debt Service	---		---		$2,643,126		---		---		---		---		$2,643,126	
Restricted for Capital Projects	---		---		---		$5,894		---		---		---		$5,894	
Restricted for Water Sewer	---		---		---		---		$274,755		---		---		$274,755	
Assigned for General Fund	$1,452,808		---		---		---		---		---		---		$1,452,808	
Unassigned/Unrestricted	 	$2,347,122 		 	$916,003 		 	--- 		 	--- 		 	($6,790,620) 		 	($2,601,192) 		 	$555,554 		 	($5,573,133) 	
TOTAL LIABILITIES & FUND BALANCES	 	$4,408,505 		 	$916,003 		 	$2,643,126 		 	$5,894 		 	$15,858,661 		 	$5,619,145 		 	$669,909 		 	$30,121,242 	
					
Page 1											

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND
Statement of Revenues & Expenditures and Changes in Fund Balances
For the Period Ended June 30, 2021

 DESCRIPTION	 REVENUES:		ADOPTED
 	BUDGET			PRORATED BUDGET
 	THRU 06/30/21			ACTUAL
 	THRU 06/30/21			
 	VARIANCE		
Special Assessment		$2,931,456		$2,931,456		$2,951,069		$19,613	
Boat/RV Storage Fees		$92,000		$69,000		$68,805		($195)	
Interest/Misc Income		$52,000		$39,000		$4,374		($34,626)	
Rental/Internet Income		$7,200		$5,400		$5,870		$470	
TOTAL REVENUES		 	$3,082,656 		 	$3,044,856 		 	$3,030,118 		 	($14,738) 	
EXPENDITURES:									
ADMINISTRATIVE:									
Supervisors Fees		$15,000		$11,250		$8,000		$3,250	
PR Taxes/Workers Comp/PR Fees		$7,200		$5,400		$5,666		($266)	
Engineering Fees		$4,500		$3,375		$4,883		($1,508)	
Arbitrage		$2,000		$1,100		$1,100		$0	
Dissemination Agent		$2,000		$1,500		$1,500		($0)	
Assessment Roll		$0		$0		$17,500		($17,500)	
District Attorney		$27,000		$20,250		$19,295		$955	
Audit		$4,000		$0		$0		$0	
Trustee Fees		$16,000		$11,100		$11,100		$0	
District Manager /Adminstrator		$99,000		$74,250		$64,997		$9,253	
Computer Time		$1,000		$750		$750		$0	
Telephone		$500		$375		$749		($374)	
Postage		$1,500		$1,125		$1,153		($28)	
Printing & Binding		$1,500		$1,125		$739		$386	
Insurance		$46,000		$46,000		$42,734		$3,266	
Legal Advertising		$1,000		$750		$1,646		($896)	
Other Current Charges		$5,000		$3,750		$3,542		$208	
Office Supplies		$1,500		$1,125		$657		$468	
Dues, Licenses, Website		$20,000		$15,000		$11,163		$3,837	
MAINTENANCE:									
Landscape Maintenance		$805,260		$603,945		$603,945		$0	
Landscape Maintenance - Contingency		$100,000		$75,000		$61,599		$13,401	
Lake Maintenance		$72,000		$54,000		$58,227		($4,227)	
Cost Sharing Agreement - Stone Creek		$13,000		$9,750		$6,255		$3,495	
Facility/Preventative Maintenance		$200,000		$150,000		$107,136		$42,864	
Utilities		$135,000		$101,250		$82,605		$18,645	
Security		$25,000		$18,750		$16,985		$1,765	
Operating Reserves		$22,446		$16,835		$0		$16,834	
TOTAL EXPENDITURES		 	$1,627,406 		 	$1,227,755 		 	$1,133,927 		 	$93,828 	
Excess (deficiency) of revenues over (under) expenditures		
$1,455,250		
$1,817,101		
$1,896,191		
$79,089	

OTHER FINANCING SOURCES/(USES):									
Interfund Transfer In/(Out) - SBA Reserve		($160,000)		($120,000)		$0		$120,000	
Interfund Transfer Out - Swim & Tennis		($1,295,250)		($971,438)		($863,500)		$107,938	
Interfund Transfer Out - Golf Course		$0		$0		$0		$0	
Interfund Transfer Out - Capital Reserve		$0		$0		$0		$0	
TOTAL OTHER FINANCING									
SOURCES/(USES):		 	($1,455,250) 		 	($1,091,438) 		 	($863,500) 		 	$227,938 	
Net change in Fund Balance		$0		$725,664		$1,032,691		$307,027	

FUND BALANCE - Beginning		
$0				
$3,009,112			
FUND BALANCE - Ending		 	$0 				$4,041,803			

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT
CAPITAL RESERVE FUND
Statement of Revenues & Expenditures and Changes in Fund Balances
For the Period Ended June 30, 2021

 DESCRIPTION	 REVENUES:		ADOPTED
 	BUDGET			PRORATED BUDGET
 	THRU 06/30/21			ACTUAL
 	THRU 06/30/21			
 	VARIANCE		
Special Assessments - Tax Collector		$764,224		$764,224		$769,337		$5,113	
Office Rent		$4,800		$0		$0		$0	
Misc Income - Insurance Proceeds		$0		$0		$5,360		$5,360	
Interest Income		$0		$0		$266		$266	
TOTAL REVENUES		 	$769,024 		 	$764,224 		 	$774,963 		 	$10,739 	
EXPENDITURES:									
Capital Outlay		$768,774		$576,581		$462,557		$114,023	
Other Current Charges		$250		$188		$78		$109	
TOTAL EXPENDITURES	 	$769,024 		 	$576,768 		 	$462,636 		 	$114,132 	
Excess (deficiency) of revenues
over (under) expenditures	 	$0 		
 	$187,456 		
 	$312,327 		
 	$124,871 	
OTHER FINANCING SOURCES/(USES):								
Interfund Transfer In	$0		$0		$0		$0	
Interfund Transfer Out	$0		$0		$0		$0	
TOTAL OTHER FINANCING	 			 			 			 		
SOURCES/(USES):	 	$0 		 	$0 		 	$0 		 	$0 	
Net change in Fund Balance	$0		$187,456		$312,327		$124,871	

FUND BALANCE - Beginning	
$0				
$603,675			
FUND BALANCE - Ending	 	$0 				$916,003			

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
Series 2014 A-1/A-2 Special Assessment Refunding Bonds
Statement of Revenues & Expenditures and Changes in Fund Balances
For the Period Ended June 30, 2021

 DESCRIPTION	 REVENUES:		ADOPTED
 	BUDGET			PRORATED BUDGET
 	THRU 06/30/21			ACTUAL
 	THRU 06/30/21			
 	VARIANCE		
Special Assessments - Tax Collector		$2,558,226		$2,558,226		$2,573,129		$14,903	
Prepayments A1		$0		$0		$829,127		$829,127	
Prepayments A2		$0		$0		$40,989		$40,989	
Interest Income		$0		$0		$694		$694	
TOTAL REVENUES		 	$2,558,226 		 	$2,558,226 		 	$3,443,939 		 	$885,713 	
EXPENDITURES:									
Series 2014 A-1
Interest Expense - 11/1		
$366,013		
$366,013		
$353,925		
$12,088	
Principal Expense - 5/1		$1,390,000		$1,390,000		$1,345,000		$45,000	
Interest Expense - 5/1		$366,013		$366,013		$353,825		$12,188	
Special Call - 11/1		$0		$0		$5,000		($5,000)	
Special Call - 5/1		$0		$0		$925,000		($925,000)	
Series 2014 A-2
Interest Expense - 11/1		
$98,700		
$98,700		
$95,375		
$3,325	
Principal Expense - 5/1		$200,000		$200,000		$195,000		$5,000	
Interest Expense - 5/1		$98,700		$98,700		$95,375		$3,325	
Special Call - 5/1		$0		$0		$125,000		($125,000)	
TOTAL EXPENDITURES		$2,519,425		$2,519,425		$3,493,500		($974,075)	

Excess (deficiency) of revenues over (under) expenditures		

 	$38,801 		

 	$38,801 		

 	($49,561) 		

 	($88,362) 	
Net change in Fund Balance		$38,801		$38,801		($49,561)		($88,362)	

FUND BALANCE - Beginning		
$623,482				
$2,006,806			
FUND BALANCE - Ending		 	$662,283 				$1,957,245			

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
Series 2014 A-3 Special Assessment Refunding Bonds
Statement of Revenues & Expenditures and Changes in Fund Balances
For the Period Ended June 30, 2021

 DESCRIPTION	 REVENUES:		ADOPTED
 	BUDGET			PRORATED BUDGET
 	THRU 06/30/21			ACTUAL
 	THRU 06/30/21			
 	VARIANCE		
Special Assessments - Tax Collector		$384,028		$384,028		$383,653		($375)	
Interest Income		$0		$0		$32		$32	
Prepayments		$0		$0		$42,635		$42,635	
TOTAL REVENUES		$384,028		$384,028		$426,321		$42,293	

EXPENDITURES:									
Series 2014 A-3									
Interest Expense - 11/1		$150,638		$150,638		$149,338		$1,300	
Special Call - 11/1		$0		$0		$5,000		($5,000)	
Principal Expense - 5/1		$75,000		$110,000		$110,000		$0	
Interest Expense - 5/1		$150,638		$149,175		$149,175		$0	
TOTAL EXPENDITURES		$376,275		$409,813		$413,513		($3,700)	

Excess (deficiency) of revenues									
over (under) expenditures		 	$7,753 		 	($25,785) 		 	$12,808 		 	$38,593 	
OTHER FINANCING SOURCES/(USES):									
Interfund Transfer In/(Out)		$0		$0		$0		$0	
TOTAL OTHER FINANCING		 			 			 			 		
SOURCES/(USES):		 	$0 		 	$0 		 	$0 		 	$0 	
Net change in Fund Balance		$7,753		($25,785)		$12,808		$38,593	

FUND BALANCE - Beginning		
$200,055				
$600,908			
FUND BALANCE - Ending		 	$207,808 				$613,716			

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
Series 2017 Special Assessment Revenue Bonds
Statement of Revenues & Expenditures and Changes in Fund Balances
For the Period Ended June 30, 2021

 DESCRIPTION	 REVENUES:		ADOPTED
 	BUDGET			PRORATED BUDGET
 	THRU 06/30/21			ACTUAL
 	THRU 06/30/21			
 	VARIANCE		
Special Assessments - Tax Collector		$66,931		$66,931		$67,470		$539	
Interest Income		$0		$0		$20		$20	
TOTAL REVENUES		 	$66,931 		 	$66,931 		 	$67,490 		 	$559 	
EXPENDITURES:									
Series 2017
Interest Expense - 11/1		
$24,150		
$24,150		
$24,150		
$0	
Principal Expense - 5/1		$15,000		$15,000		$15,000		$0	
Interest Expense - 5/1		$24,150		$24,150		$24,150		$0	
TOTAL EXPENDITURES		$63,300		$63,300		$63,300		$0	

Excess (deficiency) of revenues over (under) expenditures		

 	$3,631 		

 	$3,631 		

 	$4,190 		

 	$559 	
Net change in Fund Balance		$3,631		$3,631		$4,190		$559	

FUND BALANCE - Beginning		
$25,013				
$67,975			
FUND BALANCE - Ending		 	$28,644 				$72,164			

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT CAPITAL PROJECTS FUND
Series 2017 Special Assessment Revenue Bonds
Statement of Revenues & Expenditures and Changes in Fund Balances
For the Period Ended June 30, 2021

 DESCRIPTION	 REVENUES:		ADOPTED
 	BUDGET			PRORATED BUDGET
 	THRU 06/30/21			ACTUAL
 	THRU 06/30/21			
 	VARIANCE		
Interest Income		$0		$0		$1		$1	
TOTAL REVENUES		 	$0 		 	$0 		 	$1 		 	$1 	
EXPENDITURES:									
Improvements		$0		$0		$0		$0	
TOTAL EXPENDITURES		$0		$0		$0		$0	

Excess (deficiency) of revenues									
over (under) expenditures		 	$0 		 	$0 		 	$1 		 	$1 	
OTHER FINANCING SOURCES/(USES):									
Interfund Transfer In/(Out)		$0		$0		$0		$0	
TOTAL OTHER FINANCING SOURCES/(USES):		 	
 	$0 		 	
 	$0 		 	
 	$0 		 	
 	$0 	
Net change in Fund Balance		$0		$0		$1		$1	

FUND BALANCE - Beginning		
$0				
$5,893			
FUND BALANCE - Ending		 	$0 				$5,894			

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT WATER/SEWER FUND
Statement of Revenues & Expenses and Changes in Net Position
For the Period Ended June 30, 2021

 DESCRIPTION	

REVENUES:		ADOPTED
 	BUDGET			PRORATED BUDGET
 	THRU 06/30/21			ACTUAL
 	THRU 06/30/21			
 	VARIANCE		
Water Revenue		$1,250,000		$937,500		$897,691		($39,809)	
Wastewater Revenue		$2,140,000		$1,605,000		$1,668,217		$63,217	
Reclaimed Water Revenue		$810,000		$607,500		$556,550		($50,950)	
Service Charges		$58,000		$43,500		$48,270		$4,770	
Debt Capacity Charge		$1,890,000		$1,417,500		$1,436,980		$19,480	
Interest/Misc. Income		$42,000		$31,500		$2,833		($28,667)	
TOTAL REVENUES		$6,190,000		$4,642,500		$4,610,541		($31,959)	
EXPENSES:									
ADMINISTRATIVE:									
Engineering Fees		$1,500		$0		$0		$0	
Arbitrage		$1,650		$550		$550		$0	
Dissemination Agent		$1,000		$750		$750		$0	
District Attorney		$24,000		$18,000		$15,109		$2,891	
Annual Audit		$4,000		$0		$0		$0	
Trustee Fees		$8,500		$8,095		$8,095		$0	
District Manager/Administrator		$71,500		$53,625		$53,422		$203	
Computer Time		$1,000		$750		$750		$0	
Postage		$1,000		$750		$549		$201	
Insurance		$45,000		$45,000		$43,951		$1,049	
Legal Advertising		$1,000		$750		$0		$750	
Other Current Charges		$15,000		$11,250		$11,879		($629)	
WATER/WASTEWATER:									
Service Charges		$65,000		$48,750		$48,223		$527	
Meter Expenses		$1,000		$750		$0		$750	
Purchased Water		$1,360,000		$1,020,000		$936,712		$83,288	
Treated Wastewater		$2,150,000		$1,612,500		$1,668,217		($55,717)	
Alternative Water Supply		$49,000		$36,750		$37,789		($1,039)	
Purchased Reclaimed Water		$190,000		$142,500		$149,075		($6,575)	
Repairs & Maintenance		$30,000		$22,500		$3,129		$19,371	
Electric		$35,000		$26,250		$19,021		$7,229	
Capital Outlay		$40,000		$30,000		$40,813		($10,813)	
Contingency		$25,000		$18,750		$0		$18,750	
TOTAL OPERATING EXPENSES		 	$4,120,150 		 	$3,098,270 		 	$3,038,035 		 	$60,235 	
NET INCOME BEFORE DEBT SERVICE		$2,069,850		$1,544,230		$1,572,506		$28,276	

DEBT SERVICE/OTHER SOURCES (USES):									
Principal Expense		($905,000)		($678,750)		($678,750)		$0	
Interest Expense		($835,439)		($626,579)		($626,579)		($0)	
TOTAL DEBT SERVICE/									
OTHER SOURCES (USES):		($1,740,439)		($1,305,329)		($1,305,329)		($0)	

TOTAL OPERATING/									
DEBT SERVICE EXPENSES	$5,860,589		$4,403,599		($4,343,364)		($60,235)	
								
CHANGE IN NET POSITION	$329,411		$238,901		$267,177		$28,276	

TOTAL NET POSITION - Beginning	
$0				
($6,783,042)			
TOTAL NET POSITION - Ending	$329,411				($6,515,865)			

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT GOLF FUND
Statement of Revenues & Expenses and Changes in Net Position
For the Period Ended June 30, 2021

 DESCRIPTION			ADOPTED
 	BUDGET		PRORATED BUDGET
     THRU 06/30/21 	ACTUAL
   THRU 06/30/21 		
      VARIANCE			CURRENT
 	MONTH		
REVENUES:
User Fees - Dues	
$371,985	
$277,820	
$300,196	
$22,377	
$33,977	
Greens/Cart Fees	$1,138,535	$964,954	$960,166	($4,788)	$94,255	
Tournament Golf Income	$96,501	$0	$0	$0	$0	
Merchandise/Food/Beverage	$1,464,131	$1,120,448	$1,165,346	$44,898	$122,615	
Rental Revenue	$21,426	$16,690	$39,701	$23,011	$4,274	
Membership Income - Other Fees	$4,332	$3,249	$3,533	$284	$362	
Miscellaneous Income	$85,180	$65,890	$52,626	($13,264)	$3,139	
Interest Income/Commissions	 	$0 	 	$0 	 	$277 	 	$277 	 	$31 	
TOTAL REVENUES	$3,182,090		$2,449,050		$2,521,846		$72,795		$258,653	

COST OF GOODS SOLD:
Cost of Goods Sold	$636,787		
$485,881		
$516,905		
$31,024		
$58,719	
GROSS PROFIT	$2,545,303		$1,963,169		$2,004,941		$41,772		$199,933	

EXPENSES:										
Operating Expenses:
Salaries	
$1,101,953		
$825,283		
$791,032		
$34,251		
$84,886	
Commissions & Bonuses	$18,200		$13,650		$37,437		($23,787)		$4,110	
Rental Commissions	$12,226		$9,634		$9,486		$148		$317	
Employee Expenses	$219,345		$167,300		$165,919		$1,381		$18,599	
Employee Uniforms	$4,430		$3,756		$4,529		($773)		$1,292	
Travel & Per Diem	$1,667		$1,667		$766		$901		$0	
Training	$2,000		$2,591		$215		$2,376		$0	
Employee Advertising	$797		$0		$442		($442)		$0	
Janitorial Expense/Supplies	$24,765		$18,761		$26,407		($7,647)		$3,011	
Tournaments & Events	$45,231		$31,193		$36,312		($5,119)		$3,796	
Centralized Services	$82,090		$61,075		$64,217		($3,142)		$8,830	
Course & Grounds Maintenance	$40,656		$34,742		$25,802		$8,940		$2,083	
Repairs - Equipment	$39,106		$27,219		$21,975		$5,245		($155)	
Repairs - Buildings	$15,897		$4,467		$7,161		($2,695)		$386	
Operating Supplies	$101,895		$66,810		$54,200		$12,610		$5,178	
Demo Equipment Expense	$0		$0		$790		($790)		$0	
Office Supplies	$2,778		$2,439		$3,020		($581)		$601	
Postage	$434		$322		$103		$219		$0	
Printing & Reproduction	$0		$0		$789		($789)		$49	
Utility Services	$86,891		$65,568		$53,154		$12,414		$7,278	
Gas/Oil/Propane	$33,763		$24,248		$19,905		$4,343		$3,063	
Refuse & Potables	$28,624		$20,849		$19,710		$1,139		$2,009	
Telephone/T1 Line	$7,628		$5,763		$4,404		$1,359		$325	
Security/Pest Control	$8,801		$13,743		$17,302		($3,559)		$1,307	
Music & Cable Service	$12,588		$8,484		$5,772		$2,712		$687	
Dues and Subscriptions	$7,300		$4,583		$3,663		$920		$1,123	
Chemicals	$46,621		$43,028		$44,142		($1,114)		$6,614	
Fertilizer - Course	$47,065		$27,266		$27,961		($695)		$2,885	
Sand, Seed & Dressing	$29,000		$24,000		$25,284		($1,284)		$3,108	
Licenses/Permits	$4,211		$2,140		$3,190		($1,051)		$88	
Bad Debt Expense	$0		$0		$5,833		($5,833)		$0	
Cash Short/Over	$0		$0		($189)		$189		($46)	
Miscellaneous	$3,193		$2,836		$1,098		$1,737		$399	
Other Services	$26,988		$12,600		$5,346		$7,254		$36	
Trustee Fees/Bank Charges	$85,702		$60,226		$62,373		($2,147)		$8,056	
Management Fees - Hampton	$86,400		$64,800		$64,365		$435		$7,455	
Rentals & Leases	$226,395		$169,623		$172,135		($2,512)		$23,095	
Lake Maintenance	$30,000		$22,500		$22,500		$0		$2,500	
Insurance	$25,560		$19,170		$38,228		($19,058)		$4,345	
Other Current Charges	$29,640		$22,230		$21,630		$600		$3,665	
District Manager/Administrator	$38,500		$28,875		$27,481		$1,394		$2,750	
District Attorney	$5,820		$4,365		$4,528		($163)		$506	
Audit	$5,475		$1,800		$1,725		$75		$192	
Non-Recurring/Other/Prior Year	 	$0 		 	$0 		 	$29,903 		 	$29,903 		 	$3,125 	
TOTAL EXPENSES	 	$2,589,635 		 	$1,919,607 		 	$1,932,047 		 	$47,366 		 	$217,544 	
Net Income before Non-Operating Expenses	 	($44,332) 		 	$43,562 		 	$72,894 		 	$89,138 		 	($17,611) 	
Non-Operating Income/(Expenses):
Principal Expense	
($390,000)		
($292,500)		
($292,500)		
$0		
($32,500)	
Interest Expense	($114,180)		($85,635)		($85,635)		$0		($9,515)	
TOTAL NON-OPERATING	 	($504,180) 		 	($378,135) 		 	($378,135) 		 	$0 		 	($42,015) 	
CHANGE IN NET POSITION	 	($548,512) 		 	($334,573) 		 	($305,241) 		 	$89,138 		 	($59,626) 	
TOTAL NET POSITION - Beginning	$0				($2,295,952)					
TOTAL NET POSITION - Ending	 	($548,512) 				($2,601,192)					

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT
SWIM & TENNIS FUND
Statement of Revenues & Expenses and Changes in Net Position
For the Period Ended June 30, 2021

 DESCRIPTION	 REVENUES:		ADOPTED
 	BUDGET		PRORATED BUDGET
     THRU 06/30/21 	ACTUAL
    THRU 06/30/21 		
      VARIANCE			CURRENT
 	MONTH		
User Fees		$80,000	$53,181	$29,044		($24,137)		$5,703	
Lesson Income Tennis		$135,000	$75,189	$92,588		$17,400		$14,926	
CDD Lesson Income		$15,000	$5,308	$10,764		$5,456		$1,773	
Merchandise/Food/Beverage Sale		$100,000	$31,459	$47,347		$15,888		$7,289	
TOTAL REVENUES		 	$330,000 	 	$165,137 	 	$179,743 		 	$14,607 		 	$29,690 	
COST OF GOODS SOLD:									
Cost of Goods Sold		$75,000	$26,961	$42,888		($15,927)		$6,215	
GROSS PROFIT		 	$255,000 	 	$138,175 	 	$136,855 		 	($1,320) 		 	$23,475 	
EXPENSES:									
Operating Expenses:									
Salaries		$765,000	$375,616	$296,277		$79,338		$50,708	
Employee Expenses		$158,000	$80,242	$74,416		$5,826		$16,595	
Employee Education and Training		$3,500	$1,326	$1,270		$55		$25	
Lessons Paid Out		$135,000	$75,090	$92,588		($17,498)		$14,926	
Promotional Activities		$75,000	$60,397	$23,376		$37,020		$3,514	
Communications and Freight		$17,000	$10,229	$8,978		$1,250		$1,170	
Customer Service & Advertising		$10,000	$8,437	$1,414		$7,023		$142	
Other Contractual		$20,000	$11,676	$14,557		($2,881)		$2,492	
Repairs & Maintenance		$60,000	$27,033	$32,775		($5,742)		$823	
Operating Supplies		$22,000	$11,965	$6,536		$5,429		$1,218	
Office Supplies		$20,000	$9,124	$14,505		($5,381)		$1,911	
Printing & Binding		$500	$292	$0		$292		$0	
Utility Services		$120,000	$73,074	$68,747		$4,327		$12,365	
Gas/Oil/Propane		$21,000	$20,132	$12,662		$7,470		$2,032	
Chemicals		$45,000	$16,642	$26,646		($10,004)		$4,433	
Licenses/Permits		$3,000	$136	$5,049		($4,913)		$541	
Shrinkage		$0	$0	$0		$0		$0	
Cash Short/Over		$0	$0	($5)		$5		($5)	
Trustee Fees		$14,000	$7,074	$6,880		$193		$1,104	
District Manager/Administrator		$33,250	$21,146	$6,686		$14,460		$955	
Insurance		$25,000	$14,583	$14,243		$340		$2,035	
Taxes		$0	$0	$14		($14)		$0	
Audit		$3,000	$0	$0		$0		$0	
TOTAL EXPENSES		 	$1,550,250 	 	$824,213 	 	$707,615 		 	$116,597 		 	$116,985 	
Non-Operating Income/Expenses:									
Interfund Transfer In		$1,295,250	$755,563	$755,563		$0		$107,938	
Other Income		$0	$0	$171		$171		$30	
Nonrecurring & Capital Expenses		$0	$0	($432)		($432)		$0	
TOTAL NON-OPERATING		 	$1,295,250 	 	$755,563 	 	$755,301 		 	($261) 		 	$107,968 	
CHANGE IN NET POSITION		 	$0 	 	$69,525 	 	$184,541 		 	$115,016 		 	$14,458 	
TOTAL NET POSITION - Beginning		$0		$371,013					
TOTAL NET POSITION - Ending		 	$0 		$555,554					

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND
Statement of Revenues & Expenditures

TOTAL

Sep-21

Aug-21

Jul-21

Jun-21

May-21

Apr-21

Mar-21

Feb-21

Jan-21

Dec-20

Nov-20

Oct-20

ADOPTED BUDGET

For The Year Ending September  30, 2021
REVENUES:

$2,931,456	$0	$360,704	$2,164,512	$94,135	$64,724	$49,828	$76,908	$16,360	$123,898	$0	$0	$0	$2,951,069	
$92,000	$7,280	$6,980	$8,287	$7,700	$7,791	$7,385	$7,850	$7,746	$7,786	$0	$0	$0	$68,805	
$52,000	$722	$477	$469	$617	$483	$475	$422	$387	$321	$0	$0	$0	$4,374	
$7,200	$743	$623	$1,063	$0	$947	$623	$223	$223	$1,423	$0	$0	$0	$5,870	
$3,082,656	$8,745	$368,784	$2,174,331	$102,452	$73,946	$58,311	$85,404	$24,716	$133,428	$0	$0	$0	$3,030,118	

Special Assessment Boat/RV Storage Fees Interest/Misc Income Rental/Internet Income
TOTAL REVENUES

EXPENDITURES:

ADMINISTRATIVE:

$15,000	$1,000	$0	$2,000	$0	$1,000	$1,000	$1,000	$1,000	$1,000	$0	$0	$0	$8,000	
$7,200	$526	$414	$940	$419	$1,001	$612	$612	$531	$612	$0	$0	$0	$5,666	
$4,500	$0	$0	$0	$0	$0	$0	$4,883	$0	$0	$0	$0	$0	$4,883	
$2,000	$0	$1,100	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,100	
$2,000	$167	$167	$167	$167	$167	$167	$167	$167	$167	$0	$0	$0	$1,500	
$0	$17,500	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$17,500	
$27,000	$0	$2,407	$5,154	$2,347	$2,347	$2,347	$2,347	$2,347	$0	$0	$0	$0	$19,295	
$4,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
$16,000	$11,100	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$11,100	
$99,000	$6,693	$6,693	$11,375	$1,725	$11,662	$6,693	$6,693	$6,693	$6,770	$0	$0	$0	$64,997	
$1,000	$83	$83	$83	$83	$83	$83	$83	$83	$83	$0	$0	$0	$750	
$500	$0	$0	$0	$290	$0	$145	$157	$12	$145	$0	$0	$0	$749	
$1,500	$68	$68	$244	$259	$36	$208	$139	$123	$9	$0	$0	$0	$1,153	
$1,500	$97	$30	$116	$44	$27	$83	$50	$42	$250	$0	$0	$0	$739	
$46,000	$44,928	$0	($2,194)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$42,734	
$1,000	$1,214	$0	$0	$0	$100	$174	$0	$0	$159	$0	$0	$0	$1,646	
$5,000	$330	$333	$295	$404	$179	$1,146	$276	$284	$296	$0	$0	$0	$3,542	
$1,500	$11	$324	$150	$5	$5	$105	$5	$47	$5	$0	$0	$0	$657	
$20,000	$3,861	$674	($1,152)	$2,254	($531)	$2,439	$204	$1,330	$2,084	$0	$0	$0	$11,163	

$805,260	
$67,105	
$67,105	
$67,105	
$67,105	
$67,105	
$67,105	
$67,105	
$67,105	
$67,105	
$0	
$0	
$0	
$603,945	
$100,000	$1,830	$3,850	$4,895	$3,450	$3,423	$15,754	$9,685	$4,424	$14,288	$0	$0	$0	$61,599	
$72,000	$5,303	$10,553	$5,303	$5,303	$5,303	$5,303	$10,553	$5,303	$5,303	$0	$0	$0	$58,227	
$13,000	$0	$0	$2,085	$0	$0	$2,085	$0	$0	$2,085	$0	$0	$0	$6,255	
$200,000	$9,549	$9,256	$10,616	$12,324	$8,602	$11,867	$9,023	$31,799	$4,100	$0	$0	$0	$107,136	
$135,000	$4,357	$10,411	$13,084	$9,337	$9,279	$9,733	$10,151	$12,318	$3,934	$0	$0	$0	$82,605	
$25,000	$1,950	$1,050	$3,300	$1,950	$2,040	$1,740	$1,275	$1,770	$1,910	$0	$0	$0	$16,985	
$22,446	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
$1,627,406	$177,672	$114,517	$123,567	$107,467	$111,826	$128,790	$124,408	$135,376	$110,304	$0	$0	$0	$1,133,927	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$0			
($160,000)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
($1,295,250)	($107,938)	($107,938)	($107,938)	($107,938)	($107,938)	($107,938)	($107,938)	($107,938)	$0	$0	$0	$0	($863,500)	
$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
($1,455,250)	($107,938)	($107,938)	($107,938)	($107,938)	($107,938)	($107,938)	($107,938)	($107,938)	$0	$0	$0	$0	($863,500)	
														
$0	($276,864)	$146,330	$1,942,827	($112,953)	($145,818)	($178,416)	($146,942)	($218,597)	$23,124	$0	$0	$0	$1,032,691	

Supervisors Fees
PR Taxes/Workers Comp/PR Fees Engineering Fees
Arbitrage Dissemination Agent Assessment Roll District Attorney Audit
Trustee Fees
District Manager /Adminstrator Computer Time
Telephone Postage
Printing & Binding Insurance
Legal Advertising Other Current Charges Office Supplies
Dues, Licenses, Website

MAINTENANCE:
Landscape Maintenance
Landscape Maintenance - Contingency Lake Maintenance
Cost Sharing Agreement - Stone Creek Facility/Preventative Maintenance Utilities
Security
Operating Reserves

TOTAL EXPENDITURES

OTHER FINANCING SOURCES/(USES):

Interfund Transfer In/(Out) - SBA Reserve Interfund Transfer Out - Swim & Tennis Interfund Transfer Out - Golf Course Interfund Transfer Out - Capital Reserve

TOTAL OTHER FINANCING SOURCES/(USES):

EXCESS REV/(EXP)

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT
WATER/SEWER FUND
Statement of Revenues & Expenditures

TOTAL

Sep-21

Aug-21

Jul-21

Jun-21

May-21

Apr-21

Mar-21

Feb-21

Jan-21

Dec-20

Nov-20

Oct-20

ADOPTED BUDGET

For The Year Ending September  30, 2021
REVENUES:

$1,250,000	$99,758	$93,173	$94,144	$98,289	$93,554	$90,720	$108,727	$106,714	$112,611	$0	$0	$0	$897,691	
$2,140,000	$186,016	$176,617	$181,686	$190,599	$180,075	$176,116	$201,358	$183,253	$192,498	$0	$0	$0	$1,668,217	
$810,000	$57,872	$58,153	$56,251	$57,587	$55,726	$52,557	$66,774	$70,535	$81,096	$0	$0	$0	$556,550	
$58,000	$4,428	$4,173	$8,200	$5,821	$4,983	$5,273	$4,570	$6,616	$4,206	$0	$0	$0	$48,270	
$1,890,000	$159,715	$158,150	$159,601	$159,021	$159,713	$159,845	$160,326	$159,486	$161,122	$0	$0	$0	$1,436,980	
$42,000	$527	$384	$319	$309	$245	$240	$433	$262	$115	$0	$0	$0	$2,833	
$6,190,000	$508,317	$490,649	$500,202	$511,627	$494,295	$484,751	$542,188	$526,865	$551,648	$0	$0	$0	$4,610,541	

Water Revenue Wastewater Revenue Reclaimed Water Revenue Service Charges
Debt Capacity Charge Interest/Misc. Income
TOTAL REVENUES

EXPENSES:

ADMINISTRATIVE:

$1,500	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
$0	$0	$0	$0	$0	$550	$0	$0	$0	$0	$0	$0	$0	$550	
$1,000	$83	$83	$83	$83	$83	$83	$83	$83	$83	$0	$0	$0	$750	
$24,000	$2,086	$2,086	$2,086	$506	$2,086	$2,086	$2,086	$2,086	$0	$0	$0	$0	$15,109	
$4,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
$8,500	$0	$0	$0	$8,095	$0	$0	$0	$0	$0	$0	$0	$0	$8,095	
$71,500	$5,936	$5,936	$5,936	$5,936	$5,936	$5,936	$5,936	$5,936	$5,936	$0	$0	$0	$53,422	
$1,000	$83	$83	$83	$83	$83	$83	$83	$83	$83	$0	$0	$0	$750	
$1,000	$136	$0	$37	$125	$0	$98	$75	$49	$29	$0	$0	$0	$549	
$45,000	$43,951	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$43,951	
$1,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
$15,000	$1,276	$1,333	$1,224	$1,340	$1,243	$1,199	$1,714	$1,263	$1,287	$0	$0	$0	$11,879	

$65,000	
$4,428	
$4,173	
$8,200	
$5,821	
$4,983	
$5,226	
$4,570	
$4,698	
$6,124	
$0	
$0	
$0	
$48,223	
$1,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
$1,360,000	$102,643	$94,019	$95,014	$99,261	$92,005	$95,678	$118,057	$113,399	$126,635	$0	$0	$0	$936,712	
$2,150,000	$186,016	$176,617	$181,686	$190,599	$180,075	$176,116	$201,358	$183,253	$192,498	$0	$0	$0	$1,668,217	
$49,000	$4,185	$4,181	$4,203	$4,194	$4,206	$4,207	$4,206	$4,200	$4,206	$0	$0	$0	$37,789	
$190,000	$14,966	$15,552	$15,678	$15,170	$14,632	$14,173	$17,948	$18,695	$22,260	$0	$0	$0	$149,075	
$30,000	$2,085	$0	$0	$0	$0	$0	$0	$1,044	$0	$0	$0	$0	$3,129	
$35,000	$1,903	$0	$2,791	$1,656	$1,357	$1,591	$2,923	$3,117	$3,683	$0	$0	$0	$19,021	
$40,000	$0	$0	$0	$0	$0	$0	$0	$0	$40,813	$0	$0	$0	$40,813	
$25,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
														
($905,000)	($75,417)	($75,417)	($75,417)	($75,417)	($75,417)	($75,417)	($75,417)	($75,417)	($75,417)	$0	$0	$0	($678,750)	
($835,439)	($69,620)	($69,620)	($69,620)	($69,620)	($69,620)	($69,620)	($69,620)	($69,620)	($69,620)	$0	$0	$0	($626,579)	
$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
$5,858,939	$514,814	$449,100	$462,058	$477,907	$452,276	$451,515	$504,077	$482,943	$548,675	$0	$0	$0	$4,343,364	
														
$331,061	($6,497)	$41,549	$38,144	$33,720	$42,019	$33,236	$38,111	$43,922	$2,973	$0	$0	$0	$267,177	

Engineering Fees Arbitrage Dissemination Agent District Attorney Annual Audit Trustee Fees
District Manager/Administrator Computer Time
Postage Insurance
Legal Advertising Office Supplies
Other Current Charges
WATER/WASTEWATER:
Service Charges Meter Expenses Purchased Water Treated Wastewater
Alternative Water Supply Purchased Reclaimed Water Repairs & Maintenance Electric
Capital Outlay Contingency
DEBT SERVICE:
Principal Expense Interest Expense Interfund Transfer Out
TOTAL EXPENSES
CHANGE IN NET POSITION

The Crossings at Fleming Island CDD
GOLF COURSE
Statement of Revenues & Expenses and Changes in Net Position - Proprietary Fund
For The Year Ending September  30, 2021

	ADOPTED	
	BUDGET	Oct-20	Nov-20	Dec-20	Jan-21	Feb-21	Mar-21	Apr-21	May-21	Jun-21	Jul-21		Aug-21		Sep-21		TOTAL	
REVENUES																		
User Fees - Dues	$371,985	$33,634	$33,140	$31,986	$33,096	$33,056	$33,592	$34,983	$32,732	$33,977		$0		$0		$0	$300,196	
Greens/Cart Fees	$1,138,535	$95,417	$97,030	$95,073	$106,545	$86,639	$132,353	$124,521	$128,333	$94,255		$0		$0		$0	$960,166	
Tournament Golf Income	$96,501	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0		$0		$0	$0	
Merchandise/Food/Beverage	$1,464,131	$148,765	$95,756	$116,432	$102,419	$100,413	$161,733	$153,161	$164,051	$122,615		$0		$0		$0	$1,165,346	
Rental Revenue	$21,426	$3,895	$6,132	$4,922	$3,103	$5,056	$3,767	$3,268	$5,285	$4,274		$0		$0		$0	$39,701	
Membership Income - Other Fees	$4,332	$141	$425	$350	$771	$273	$381	$427	$402	$362		$0		$0		$0	$3,533	
Miscellaneous Income	$85,180	$7,349	$2,854	$5,730	$6,932	$3,453	$7,119	$7,927	$8,122	$3,139		$0		$0		$0	$52,626	
Interest Income/Commissions	$0	$1	$1	$91	$31	$31	$31	$31	$31	$31		$0		$0		$0	$277	
TOTAL REVENUES	$3,182,090	$289,203	$235,338	$254,583	$252,897	$228,922	$338,976	$324,318	$338,956	$258,653	$0	$0	$0	$2,521,846	
COST OF GOODS SOLD:

Cost of Goods Sold	$636,787	

$59,151	

$46,650	

$51,628	

$46,609	

$39,696	

$73,689	

$68,234	

$72,529	

$58,719	

$0	

$0	

$0	

$516,905	
GROSS PROFIT	$2,545,303	$230,052	$188,688	$202,956	$206,287	$189,227	$265,288	$256,084	$266,427	$199,933	$0	$0	$0	$2,004,941	

EXPENDITURES:															
Operating Expenses:															
Salaries	$1,101,953	$90,952	$82,291	$86,284	$93,269	$79,785	$84,555	$85,878	$103,133	$84,886	$0	$0	$0	$791,032	
Commissions & Bonuses	$18,200	$3,517	$3,702	$4,128	$3,971	$3,784	$4,659	$4,968	$4,597	$4,110	$0	$0	$0	$37,437	
Rental Commissions	$12,226	$2,603	$283	$1,546	$1,315	$522	$0	$0	$2,900	$317	$0	$0	$0	$9,486	
Employee Expenses	$219,345	$17,947	$14,806	$17,509	$22,552	$19,941	$19,270	$17,918	$17,378	$18,599	$0	$0	$0	$165,919	
Employee Uniforms	$4,430	$870	$295	$342	$200	$710	$573	$248	$0	$1,292	$0	$0	$0	$4,529	
Travel & Per Diem	$1,667	$0	$0	$325	$0	$221	$0	$220	$0	$0	$0	$0	$0	$766	
Training	$2,000	$0	$215	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$215	
Employee Advertising	$797	$316	$0	$0	$0	$0	$0	$0	$126	$0	$0	$0	$0	$442	
Janitorial Expense/Supplies	$24,765	$1,954	$2,515	$2,359	$2,290	$4,167	$4,286	$2,834	$2,992	$3,011	$0	$0	$0	$26,407	
Tournaments & Events	$45,231	$10,734	$1,135	$2,402	$3,124	$2,285	$2,850	$1,260	$8,727	$3,796	$0	$0	$0	$36,312	
Centralized Services	$82,090	$6,301	$6,854	$6,659	$6,356	$8,547	$5,325	$8,447	$6,898	$8,830	$0	$0	$0	$64,217	
Course & Grounds Maintenance	$40,656	$4,100	$253	$604	$948	$2,326	$8,375	$5,286	$1,827	$2,083	$0	$0	$0	$25,802	
Repairs - Equipment	$39,106	$5,213	$997	$2,558	$2,024	$1,617	$3,457	$1,617	$4,645	($155)	$0	$0	$0	$21,975	
Repairs - Buildings	$15,897	$3,201	$318	$364	$0	$2,705	$84	$16	$433	$39	$0	$0	$0	$7,161	
Operating Supplies	$101,895	$8,441	$4,146	$3,501	$5,937	$3,539	$8,419	$5,433	$9,606	$5,178	$0	$0	$0	$54,200	
Demo Equipment Expense	$0	$0	$0	$0	$453	$337	$0	$0	$0	$0	$0	$0	$0	$790	
Office Supplies	$2,778	$139	$91	$32	$660	$200	$608	$572	$118	$601	$0	$0	$0	$3,020	
Postage	$434	$0	$32	$11	$39	$12	$8	$0	$0	$0	$0	$0	$0	$103	
Printing & Reproduction	$0	$0	$74	$0	$665	$0	$0	$0	$0	$49	$0	$0	$0	$789	
Utility Services	$86,891	$7,244	$5,823	$4,321	$5,327	$4,535	$5,242	$6,711	$6,673	$7,278	$0	$0	$0	$53,154	
Gas/Oil/Propane	$33,763	$771	$1,909	$2,393	$875	$3,047	$3,144	$1,536	$3,168	$3,063	$0	$0	$0	$19,905	
Refuse & Potables	$28,624	$2,699	$2,514	$2,335	$1,562	$3,882	$1,098	$1,877	$1,735	$2,009	$0	$0	$0	$19,710	
Telephone/T1 Line	$7,628	$593	$599	$783	$84	$287	$580	$536	$617	$325	$0	$0	$0	$4,404	
Security/Pest Control	$8,801	$2,802	$2,604	$1,663	$1,312	$1,385	$2,307	$1,821	$2,101	$1,307	$0	$0	$0	$17,302	
Music & Cable Service	$12,588	$267	$462	$462	$737	$1,852	$291	$628	$385	$687	$0	$0	$0	$5,772	
Dues and Subscriptions	$7,300	$180	$17	$275	$344	$737	$319	$352	$319	$1,123	$0	$0	$0	$3,663	
Chemicals	$46,621	($4,668)	$8,268	$722	$5,774	$6,041	$5,901	$9,398	$6,091	$6,614	$0	$0	$0	$44,142	
Fertilizer - Course	$47,065	$1,388	$1,250	$1,315	$575	$61	$16,519	$2,477	$1,492	$2,885	$0	$0	$0	$27,961	
Sand, Seed & Dressing	$29,000	$6,674	$2,603	$0	$1,461	$1,678	$1,993	$6,302	$1,466	$3,108	$0	$0	$0	$25,284	
Licenses/Permits	$4,211	$844	$0	($101)	$0	$66	$1,792	$415	$88	$88	$0	$0	$0	$3,190	
Bad Debt Expense	$0	$0	$0	$0	$5,833	$0	$0	$0	$0	$0	$0	$0	$0	$5,833	
Cash Short/Over	$0	($40)	($45)	($52)	($4)	$91	$0	$0	($94)	($46)	$0	$0	$0	($189)	
Miscellaneous	$3,193	$150	$119	$90	$233	$10	$99	$0	$0	$399	$0	$0	$0	$1,098	
Other Services	$26,988	$561	$1,134	$1,134	$36	$36	$1,187	$1,187	$36	$36	$0	$0	$0	$5,346	
Trustee Fees/Bank Charges	$85,702	$5,783	$6,597	$6,485	$7,054	$5,937	$6,263	$8,549	$7,649	$8,056	$0	$0	$0	$62,373	
Management Fees - Hampton	$86,400	$7,455	$7,000	$7,000	$7,000	$7,000	$7,000	$7,000	$7,455	$7,455	$0	$0	$0	$64,365	
Rentals & Leases	$226,395	$17,502	$17,210	$19,406	$19,250	$18,724	$18,877	$17,349	$20,723	$23,095	$0	$0	$0	$172,135	
Lake Maintenance	$30,000	$2,500	$2,500	$2,500	$2,500	$2,500	$2,500	$2,500	$2,500	$2,500	$0	$0	$0	$22,500	
Insurance	$25,560	$3,649	$4,309	$4,309	$4,309	$4,309	$4,309	$4,345	$4,345	$4,345	$0	$0	$0	$38,228	
Other Current Charges	$29,640	$2,469	$2,576	$792	$2,609	$2,353	$2,379	$2,379	$2,410	$3,665	$0	$0	$0	$21,630	
District Manager/Administrator	$38,500	$2,750	$3,205	$3,205	$3,205	$3,205	$3,205	$3,205	$2,750	$2,750	$0	$0	$0	$27,481	
District Attorney	$5,820	$481	$506	$506	$506	$506	$506	$506	$506	$506	$0	$0	$0	$4,528	
Audit	$5,475	$192	$192	$192	$192	$192	$192	$192	$192	$192	$0	$0	$0	$1,725	
Non-Recurring/Other/Prior Year	$0	$216	$0	$4,117	$3,100	$2,874	$14,471	$0	$2,000	$3,125	$0	$0	$0	$29,903	
TOTAL EXPENDITURES	$2,589,635	$218,749	$189,358	$192,475	$217,676	$202,007	$242,641	$213,959	$237,985	$217,197	$0	$0	$0	$1,932,047	

Net Income before Non-															
Operating Expenses	($44,332)	$11,303	($670)	$10,481	($11,389)	($12,780)	$22,647	$42,124	$28,442	($17,264)	$0	$0	$0	$72,894	
Non-Operating Income/(Expenses):
Principal Expense	($390,000)	
($32,500)	
($32,500)	
($32,500)	
($32,500)	
($32,500)	
($32,500)	
($32,500)	
($32,500)	
($32,500)	
$0	
$0	
$0	
($292,500)	
Interest Expense	($114,180)	($9,515)	($9,515)	($9,515)	($9,515)	($9,515)	($9,515)	($9,515)	($9,515)	($9,515)	$0	$0	$0	($85,635)	
TOTAL NON-OPERATING	($504,180)	($42,015)	($42,015)	($42,015)	($42,015)	($42,015)	($42,015)	($42,015)	($42,015)	($42,015)	$0	$0	$0	($378,135)	
														
EXCESS REVENUES (EXP)	($548,512)	($30,712)	($42,685)	($31,534)	($53,404)	($54,795)	($19,368)	$109	($13,573)	($59,279)	$0	$0	$0	($305,241)	

THE CROSSINGS AT FLEMING ISLAND
COMMUNITY DEVELOPMENT DISTRICT TAX COLLECTIONS
FISCAL YEAR ENDING SEPTEMBER 30, 2021

DATE RECEIVED

GROSS TAX RECEIVED

PRIOR YEAR GROSS TAX RECEIVED

DISCOUNT & TAX		PRIOR YEAR COLLECTOR	DISCOUNT & TAX

FEES

COLLECTOR FEES

INTEREST/ PENALTIES

PRIOR YEAR INTEREST/ PENALTIES

NET AMOUNT RECEIVED WF #2447

GENERAL FUND WELLS #2447

RESERVE FUND WELLS# 3920

TOTAL 100.00%

ON ROLL:

$2,931,376.80	$764,203.35	$3,695,580.15
79.32%	20.68%

11/17/20	$	483,781.95		$	29,043.02				$	454,738.93	360,704.16	94,034.77	454,738.93	
12/1/20	$	614,487.51		$	35,918.82				$	578,568.69	458,927.36	119,641.33	578,568.69	
12/4/20	$	1,877,743.46		$	111,211.94				$	1,766,531.52	1,401,233.18	365,298.34	1,766,531.52	
12/18/20	$	407,364.33		$	23,668.95				$	383,695.38	304,351.60	79,343.78	383,695.38	
1/14/21	$	125,377.01		$	6,700.89				$	118,676.12	94,135.27	24,540.85	118,676.12	
2/19/21	$	85,356.06		$	3,758.22				$	81,597.84	64,724.35	16,873.49	81,597.84	
3/22/21	$	64,891.43		$	2,073.92				$	62,817.51	49,827.57	12,989.94	62,817.51	
4/12/21	$	99,162.29		$	2,297.43		$	93.09		$	96,957.95	76,908.16	20,049.79	96,957.95	
5/10/21	$	20,662.05		$	398.53		$	361.55		$	20,625.07	16,360.04	4,265.03	20,625.07	
6/4/21		$	37,481.02		$	994.21		$	1,124.42	$	37,611.23	29,833.66	7,777.57	37,611.23	
6/11/21		$	115,132.41				$	3,453.95	$	118,586.36	94,064.07	24,522.29	118,586.36	

$
$
$
$

3,778,826.09

152,613.43

215,071.72

994.21

454.64

4,578.37

-
-
-
-
3,720,406.60

-
-
-
-

-
-
-
-

-
-
-
-
3,720,406.60
101%

PROPERTY OWNER

AMOUNT INVOICED

AMOUNT RECEIVED

GENERAL FUND WELLS #2447

RESERVE FUND WELLS# 3920

TOTAL 100.00%
-

Dreamfinders	O&M	$	-	$	-	$	-	$	-	$	-

-

-

-

-
-
-

769,337.17

2,951,069.43

DIRECT:

SPECIAL ASSESSMENT RESERVE
TRANSFER FRM WF (GEN) #2447 TO WF (RES) #3920	
Date		Amount		Method	
	11/19/20 $	94,034.77	Wire		
	12/02/20 $	119,641.33	Wire		
	12/07/20 $	365,298.34	Wire		
	12/22/20 $	79,343.78	Wire		
	01/15/21 $	24,540.85	Wire		
	02/23/21 $	16,873.49	Wire		
	03/22/21 $	12,989.94	Wire		
	05/18/21 $	20,049.79	Wire		
	05/27/21 $	4,265.02	Wire		
	07/15/21 $	32,299.86	Wire		
	$	769,337.17			
To Transfer	$	0.00			

101%

THE CROSSINGS AT FLEMING ISLAND
COMMUNITY DEVELOPMENT DISTRICT TAX COLLECTIONS
FISCAL YEAR ENDING SEPTEMBER 30, 2021

$ 2,557,998.00 $

381,397.39 $

67,073.33

2014A1/2 US BANK #210948002

2014A3 US BANK
#210952002

2017□ US BANK
#275213000

322,380.19
365,383.41
1,227,575.14
262,938.55
121,630.88
66,301.27
45,663.42
91,275.77
12,595.11
43,198.49
14,187.12
-
-
-
-

48,066.87
54,478.65
183,031.40
39,204.13
18,135.16
9,885.52
6,808.41
13,609.21
1,877.93
6,440.89
2,115.30
-
-
-
-

8,453.14
9,580.73
32,188.28
6,894.52
3,189.29
1,738.49
1,197.34
2,393.34
330.26
1,132.71
372.00
-
-
-
-

101%

 ON ROLL:	85.0831%	12.6859%	2.2310%
DISCOUNT &

DATE RECEIVED

GROSS TAX RECEIVED

PRIOR YEAR GROSS TAX RECEIVED

TAX COLLECTOR FEES

PRIOR YEAR DISCOUNT & TAX COLLECTOR FEES

INTEREST/ PENALTIES

PRIOR YEAR INTEREST/ PENALTIES

NET AMOUNT RECEIVED WACH #2447

11/17/20
12/1/20

$ 403,024.78 $
$ 456,953.06

-	$	24,124.58
$	27,510.27

$	378,900.20
$	429,442.79

12/4/20

$ 1,533,529.10

$	90,734.28

$ 1,442,794.82

12/18/20
1/14/21
2/19/21
3/23/21
4/12/21
5/10/21
6/4/21
6/11/21

TOTALS

$    328,202.70
$    149,847.00
$	81,349.29
$	55,395.11
$    109,011.02
$	14,749.84

$
$
$
$
$
$
$ 50,079.24
$ 16,188.76

19,165.51
6,891.67
3,424.02
1,725.93
1,870.66
324.50
$

$
$
809.53 $
$

137.97
377.96
1,502.38
485.66

$	309,037.19
$	142,955.33
$	77,925.27
$	53,669.18
$	107,278.33
$	14,803.30
$	50,772.09
$	16,674.42
$	-
$	-
$	-

3,132,061.90	66,268.00	175,771.42	809.53	2,503.97	-	3,024,252.92	2,573,129.36	383,653.47	67,470.09	

$	-

SPECIAL ASSESSMENT TRANSFERS TO REVENUE ACCOUNTS	
	Series 2014A1/2	Series 2014A3	Series 2017		
Date	Amount	Amount	Amount	Method	
11/19/20	$	322,380.19	$	48,066.87	$	8,453.14	Wire	
12/2/20	$	365,383.41	$	54,478.65	$	9,580.73	Wire	
12/7/20	$ 1,227,575.14	$	183,031.40	$	32,188.28	Wire	
12/22/20	$	263,023.63	$	39,216.81	$	6,896.74	Wire	
1/15/21	$	121,630.89	$	18,135.16	$	3,189.29	Wire	
2/23/21	$	66,216.18	$	9,872.83	$	1,736.26	Wire	
3/22/21	$	45,663.42	$	6,808.42	$	1,197.34	Wire	
4/13/21	$	91,275.77	$	13,609.21	$	1,197.34	Wire	
5/18/21	$	-	$	-	$	1,196.00	Wire	
5/27/21	$	12,595.12	$	1,877.93	$	330.26	Wire	
7/15/21	$	57,385.61	$	8,556.19	$	1,504.71	Wire	
	
  $     2,573,129.36		
$	383,653.47 	
$	67,470.09 		

TO BE TRANSFERRED	(0.00)	0.00	(0.00)

C.

The Crossings at Fleming Island
Community Development District
Summary of Invoices
July 22, 2021

Fund	
Date/ Description	
Check No.s	
Amount	

General	
5/1-5/31	
4891-4908	
$	120,649.93	
	6/1-6/30	4909-4937	$	138,584.73	
Reserve	5/1-5/31	368-371	$	50,957.96	
	6/1-6/30	37-378	$	108,796.90	
Water/Sewer	5/1-5/31	7191-7289	$	581,450.55	
	6/1-6/30	7290-7353	$	484,845.02	
Swim & Tennis	5/1-5/31		$	-	
	6/1-6/30			
Golf Course	5/1-5/31		$	168,019.20	
	6/1-6/30		$	207,653.76	

Total Invoices for Approval	$	1,860,958.05

Bill Pmt -Check	302413	June 2021	101000 · Operating - Checking Account	-27.00	

Bill	
051221-4767	
05/12/2021	
78600 · Electric - Maintenance	
27.00	
				27.00	

Bill Pmt -Check	
302414	
06/02/2021 Clay Electric Cooperative, Inc.	
101000 · Operating - Checking Account	
-30.00	

Bill	
051221-2296	
05/12/2021	
78600 · Electric - Maintenance	
30.00	
				30.00	

Bill Pmt -Check	
302416	
06/10/2021 Clay Electric Cooperative, Inc.	
101000 · Operating - Checking Account	
-2,317.00	

Bill	
052021-2211	
05/20/2021	
70600 · Utilities	
2,317.00	
				2,317.00	

Bill Pmt -Check	
302417	
06/10/2021 Clay Electric Cooperative, Inc.	
101000 · Operating - Checking Account	
-217.00	

Bill	
052021-2217	
05/20/2021	
79600 · Electric - Clubhouse	
217.00	
				217.00	

Bill Pmt -Check	
302418	
06/10/2021 Clay Electric Cooperative, Inc.	
101000 · Operating - Checking Account	
-874.00	

Bill	
052021-2229	
05/20/2021	
71600 · Electric - Cart	
874.00	
				874.00	

Bill Pmt -Check	
302419	
06/10/2021 Clay Electric Cooperative, Inc.	
101000 · Operating - Checking Account	
-1,730.00	

Bill	
052021-4569	
05/20/2021	
78600 · Electric - Maintenance	
1,730.00	
				1,730.00	

Bill Pmt -Check	
302420	
06/10/2021 Clay Electric Cooperative, Inc.	
101000 · Operating - Checking Account	
-26.00	

Bill	
052021-4388	
05/20/2021	
78600 · Electric - Maintenance	
26.00	
				26.00	

Bill Pmt -Check	
302421	
06/10/2021 Clay Electric Cooperative, Inc.	
101000 · Operating - Checking Account	
-381.00	

Bill	
052021-2233	
05/20/2021	
78600 · Electric - Maintenance	
381.00	
				381.00	

Bill Pmt -Check	
302423	
06/07/2021 Breakthru Beverage	
101000 · Operating - Checking Account	
-461.30	

Bill	
339630714	
05/26/2021	
502510 · Wine - Restaurant	
81.00	
			502610 · Liquor - Restaurant	380.30	
				461.30	

Bill Pmt -Check	
302424	
06/07/2021 Southern Glazer's Of FL	
101000 · Operating - Checking Account	
-1,312.87	

Bill	
3142083	
05/26/2021	
505100 · Wine - COGS	
225.00	
			502610 · Liquor - Restaurant	1,087.87	
				Pag1,e3112o.8f722	

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
Check Detail
06/02/2021 Clay Electric Cooperative, Inc.

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
Check Detail

Bill Pmt -Check	104724	06/01/2021 Cobra Puma Golf	June 2021	101000 · Operating - Checking Account	-993.27	

Bill	
G2405598	
03/19/2021	
121100 · Merchandise - Pro Shop	
993.26	
			501100 · Golf Shop - Merchandise	0.01	
				993.27	

Bill Pmt -Check	
104725	
06/01/2021 Taylor Made Golf Co	
101000 · Operating - Checking Account	
-2,439.75	

Bill	
34857957	
03/26/2021	
121100 · Merchandise - Pro Shop	
252.57	
Bill	34881605	04/02/2021	121100 · Merchandise - Pro Shop	44.53	
Bill	34879977	04/06/2021	121100 · Merchandise - Pro Shop	198.17	
Bill	34889651	04/06/2021	121100 · Merchandise - Pro Shop	655.78	
Bill	34889862	04/06/2021	121100 · Merchandise - Pro Shop	161.37	
Bill	34889904	04/06/2021	121100 · Merchandise - Pro Shop	167.77	
Bill	34905000	04/14/2021	121100 · Merchandise - Pro Shop	639.00	
Bill	34909868	04/14/2021	121100 · Merchandise - Pro Shop	105.60	
Bill	34912335	04/14/2021	111910 · Special Orders	214.97	
				2,439.76	

Bill Pmt -Check	
104726	
06/01/2021 Acushnet	
101000 · Operating - Checking Account	
-275.79	

Bill	
910690174	
04/17/2021	
121100 · Merchandise - Pro Shop	
150.78	
			501100 · Golf Shop - Merchandise	0.01	
Bill	910691882	05/17/2021	121100 · Merchandise - Pro Shop	125.00	
				275.79	

Bill Pmt -Check	
104727	
06/01/2021 U.S. Kids Golf	
101000 · Operating - Checking Account	
-169.01	

Bill	
IN2008822	
04/27/2021	
121100 · Merchandise - Pro Shop	
169.01	
				169.01	

Bill Pmt -Check	
104728	
06/01/2021 Bushnell Outdoor Products	
101000 · Operating - Checking Account	
-195.30	

Bill	
113032	
05/26/2021	
121100 · Merchandise - Pro Shop	
195.36	
				195.36	

Bill Pmt -Check	
104729	
06/01/2021 Jena Hauber	
101000 · Operating - Checking Account	
-750.00	

Bill	
052621-refund	
05/26/2021	
111200 · Accounts Receivable - Events	
750.00	
				750.00	

Bill Pmt -Check	
104731	
06/01/2021 Callaway Golf Company	
101000 · Operating - Checking Account	
-554.43	

Bill	
932935257	
04/12/2021	
121100 · Merchandise - Pro Shop	
554.45	
				554.45	

Bill Pmt -Check	
104732	
06/01/2021 Napa	
101000 · Operating - Checking Account	
-205.67	

Bill	
551382	
05/21/2021	
78460 · Repairs - Maint. Equipment	
30.84	
Bill	551370	05/21/2021	78460 · Repairs - Maint. Equipment	174.83	
Page2025o.6f722

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
Check Detail
06/01/2021 Tri-State Pump & Control, Inc

Bill Pmt -Check	104733	June 2021	101000 · Operating - Checking Account	-1,226.48	

Bill	
PRT066431	
05/07/2021	
70460 · Repairs - Equipment	
1,226.48	
				1,226.48	

Bill Pmt -Check	
104734	
06/01/2021 Pat's Nursery, Inc	
101000 · Operating - Checking Account	
-440.00	

Bill	
94180	
05/24/2021	
707500 · Mulch - Course	
440.00	
				440.00	

Bill Pmt -Check	
104735	
06/01/2021 Sterling Cut Glass	
101000 · Operating - Checking Account	
-220.36	

Bill	
0507063-IN	
05/17/2021	
70300 · Tournament & Events Expenses	
220.36	
				220.36	

Bill Pmt -Check	
104736	
06/01/2021 Dagmar Marketing	
101000 · Operating - Checking Account	
-400.00	

Bill	
4915	
05/09/2021	
703320 · Internet	
400.00	
				400.00	

Bill Pmt -Check	
104737	
06/01/2021 Travis Mathew	
101000 · Operating - Checking Account	
-1,387.52	

Bill	
90254241	
05/26/2021	
121100 · Merchandise - Pro Shop	
1,387.50	
			501100 · Golf Shop - Merchandise	0.02	
				1,387.52	

Bill Pmt -Check	
104730	
06/01/2021 Callaway Golf Company	
101000 · Operating - Checking Account	
-9,116.46	

Bill	
932544643	
02/06/2021	
121100 · Merchandise - Pro Shop	
214.80	
Bill	932581401	02/13/2021	121100 · Merchandise - Pro Shop	1,129.38	
			501100 · Golf Shop - Merchandise	0.01	
Bill	932578365	02/13/2021	121100 · Merchandise - Pro Shop	1,754.19	
Bill	932570823	03/10/2021	121100 · Merchandise - Pro Shop	433.92	
			501100 · Golf Shop - Merchandise	0.12	
Bill	932901352	04/06/2021	121100 · Merchandise - Pro Shop	378.61	
Bill	932904666	04/06/2021	121100 · Merchandise - Pro Shop	217.85	
Bill	93292228	04/07/2021	121100 · Merchandise - Pro Shop	374.64	
			501900 · Shipping & Handling	45.09	
Bill	932920259	04/07/2021	121100 · Merchandise - Pro Shop	573.72	
Bill	932920262	04/07/2021	121100 · Merchandise - Pro Shop	601.86	
Bill	932920267	04/07/2021	121100 · Merchandise - Pro Shop	344.40	
Bill	932920260	04/07/2021	121100 · Merchandise - Pro Shop	1,757.08	
Bill	932920263	04/07/2021	121100 · Merchandise - Pro Shop	1,031.67	
Bill	932935279	04/12/2021	121100 · Merchandise - Pro Shop	107.52	
Bill	932911483	04/21/2021	121100 · Merchandise - Pro Shop	196.70	
				9,161.56	

Bill Pmt -Check	
202490	
06/01/2021 Cleveland Golf	
101000 · Operating - Checking Account	
-65.00	

Bill	
6337591 SO	
04/13/2021	
121100 · Merchandise - Pro Shop	
65.00	

Page 635o.0f022

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
Check Detail
06/01/2021 Site One Landscape Supply

Bill Pmt -Check	202491	June	2021 101000 · Operating - Checking Account	-12,221.00	

Bill	
104265474-001	
10/29/2020	
707040 · Chemicals - Course	
12,221.00	
				12,221.00	

Bill Pmt -Check	
202492	
06/01/2021 Premier Bride	
101000 · Operating - Checking Account	
-495.00	

Bill	
6931	
05/10/2021	
703700 · Centralized Services	
495.00	
				495.00	

Check	
ach	
06/02/2021 Comcast	
101000 · Operating - Checking Account	
-295.76	
			
141300 · Prepaid Expenses - Other	
295.76	
				295.76	

Bill Pmt -Check	
302431	
06/03/2021 North Florida Sales	
101000 · Operating - Checking Account	
-604.00	

Bill	
3101663	
06/02/2021	
502410 · Beer - Restaurant	
604.00	
				604.00	

Bill Pmt -Check	
104738	
06/03/2021 Pepsi	
101000 · Operating - Checking Account	
-1,474.81	

Bill	
46390109	
05/04/2021	
502210 · N/A Beverage - Restaurant	
598.30	
Bill	50558359	05/11/2021	502210 · N/A Beverage - Restaurant	876.51	
				1,474.81	

Bill Pmt -Check	
202493	
06/03/2021 Global Golf Sales	
101000 · Operating - Checking Account	
-85.50	

Bill	
347397	
05/24/2021	
121100 · Merchandise - Pro Shop	
85.50	
				85.50	

Bill Pmt -Check	
202494	
06/03/2021 Premier Bride	
101000 · Operating - Checking Account	
-135.95	

Bill	
6983	
06/01/2021	
703220 · Magazine	
135.95	
				135.95	

Bill Pmt -Check	
302432	
06/14/2021 Breakthru Beverage	
101000 · Operating - Checking Account	
-648.20	

Bill	
339725344	
06/02/2021	
502610 · Liquor - Restaurant	
648.20	
				648.20	

Bill Pmt -Check	
104739	
06/04/2021 My Alarm Center	
101000 · Operating - Checking Account	
-198.00	

Bill	
5414462	
06/01/2021	
79660 · Alarm Service - Admin	
66.00	
			112300 · A/R Due from Others	132.00	
				198.00	

Bill Pmt -Check	
104740	
06/04/2021 Staples Advantage	
101000 · Operating - Checking Account	
-6.79	

Bill	
8062283903	
05/15/2021	
72560 · Office Supplies - F & B	
6.79	

Page 46o.7f922

Bill Pmt -Check	104741	06/04/2021 Applied Maintenance Supplies and	101000 · Operating - Checking Account	-219.49	

Bill	
7020881259	
05/01/2021	
70460 · Repairs - Equipment	
60.19	
Bill	7020871968	05/01/2021	70460 · Repairs - Equipment	159.30	
				219.49	

Bill Pmt -Check	
104742	
06/04/2021 Cobra Puma Golf	
101000 · Operating - Checking Account	
-1,086.32	

Bill	
G2414041	
04/02/2021	
121100 · Merchandise - Pro Shop	
1,086.30	
			501100 · Golf Shop - Merchandise	0.02	
				1,086.32	

Bill Pmt -Check	
104743	
06/04/2021 Governmental Management Service	
101000 · Operating - Checking Account	
-455.11	

Bill	
480	
06/01/2021	
801100 · Management Fees	
455.11	
				455.11	

Bill Pmt -Check	
104744	
06/04/2021 U.S. Kids Golf	
101000 · Operating - Checking Account	
-217.26	

Bill	
IN2009690	
05/04/2021	
121100 · Merchandise - Pro Shop	
157.16	
Bill	042821-5626	05/04/2021	121100 · Merchandise - Pro Shop	60.10	
				217.26	

Bill Pmt -Check	
104745	
06/04/2021 Vulcan Materials - Fla Rock Div	
101000 · Operating - Checking Account	
-1,025.74	

Bill	
14157961	
05/05/2021	
707300 · Sand, Seed and Dressing	
605.44	
Bill	14157962	05/05/2021	707300 · Sand, Seed and Dressing	420.30	
				1,025.74	

Bill Pmt -Check	
104746	
06/04/2021 Martin Coffee	
101000 · Operating - Checking Account	
-120.00	

Bill	
62096	
06/01/2021	
502210 · N/A Beverage - Restaurant	
120.00	
				120.00	

Bill Pmt -Check	
104747	
06/04/2021 PureFit, Inc.	
101000 · Operating - Checking Account	
-157.50	

Bill	
815322	
05/01/2021	
502160 · COGS-Food Beverage Cart	
157.50	
				157.50	

Bill Pmt -Check	
104748	
06/04/2021 Gegervision IT	
101000 · Operating - Checking Account	
-1,197.50	

Bill	
5049	
05/31/2021	
79370 · IT Support	
1,197.50	
				1,197.50	

Bill Pmt -Check	
104749	
06/04/2021 Security Engineering and Designs,	
101000 · Operating - Checking Account	
-59.95	

Bill	
21-38461	
06/01/2021	
70660 · Security Alarm Monitoring	
59.95	
				59.95	

Bill Pmt -Check	
104750	
06/04/2021 1-2-1 Marketing, Inc.	
101000 · Operating - Checking Account	
-119.20
Page 5 of 22	

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
Check Detail
June 2021

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
Check Detail

Bill	141716	06/01/2021	703220 · Magazine	119.20
	June 2021		119.20	

Bill Pmt -Check	
104751	
06/04/2021 Sharp Energy	
101000 · Operating - Checking Account	
-401.11	

Bill	
052621-7002	
05/26/2021	
706200 · Fuel & Oil	
401.11	
				401.11	

Bill Pmt -Check	
104752	
06/04/2021 Dynamic Security Professionals Inc	
101000 · Operating - Checking Account	
-725.00	

Bill	
39035	
05/25/2021	
90700 · Non-Recurring	
225.00	
Bill	39043	05/28/2021	90700 · Non-Recurring	500.00	
				725.00	

Bill Pmt -Check	
104753	
06/04/2021 Sea Breeze Food Service	
101000 · Operating - Checking Account	
-1,712.40	

Bill	
1357055	
05/01/2021	
502110 · Food - Restaurant	
91.35	
Bill	1363066	05/21/2021	502110 · Food - Restaurant	53.54	
Bill	1363077	05/21/2021	502110 · Food - Restaurant	35.99	
Bill	1363728	05/26/2021	502110 · Food - Restaurant	101.65	
Bill	1363727	05/26/2021	502110 · Food - Restaurant	660.67	
Bill	1363891	05/26/2021	502110 · Food - Restaurant	30.95	
Bill	1364395	05/28/2021	502110 · Food - Restaurant	318.07	
			70270 · Janitorial Supplies	87.67	
Bill	1364396	05/28/2021	502110 · Food - Restaurant	221.21	
Bill	1365006	06/01/2021	502110 · Food - Restaurant	111.30	
				1,712.40	

Bill Pmt -Check	
104754	
06/04/2021 Jacksonville Golf & Country Club	
101000 · Operating - Checking Account	
-94.35	

Bill	
2	
05/27/2021	
603400 · Insurance Benefits	
94.35	
				94.35	

Bill Pmt -Check	
302433	
06/01/2021 Southern Glazer's Of FL	
101000 · Operating - Checking Account	
-1,790.59	

Bill	
3118459	
05/19/2021	
502510 · Wine - Restaurant	
192.00	
			502610 · Liquor - Restaurant	1,598.59	
				1,790.59	

Bill Pmt -Check	
302434	
06/07/2021 AT&T	
101000 · Operating - Checking Account	
-84.20	

Bill	
051521-3795	
05/15/2021	
70650 · Telephone	
84.20	
				84.20	

Bill Pmt -Check	
302435	
06/07/2021 Champion Brands Inc.	
101000 · Operating - Checking Account	
-140.00	

Bill	
2554170	
06/03/2021	
502410 · Beer - Restaurant	
140.00	
				140.00	

Bill Pmt -Check	
302436	
06/25/2021 Clay County Utility Authority	
101000 · Operating - Checking Account	
-391.67	

Bill	
060421-2233	
06/04/2021	
78610 · Water - Course	
Page3961o.6f722	

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
Check Detail

June 2021

391.67

Bill Pmt -Check	302437	06/25/2021 Clay County Utility Authority	101000 · Operating - Checking Account	-652.36	

Bill	
060421-2217	
06/04/2021	
79610 · Water & Sewerage - Clubhouse	
652.36	
				652.36	

Bill Pmt -Check	
302438	
06/25/2021 Clay County Utility Authority	
101000 · Operating - Checking Account	
-78.11	

Bill	
060421-2296	
06/04/2021	
79610 · Water & Sewerage - Clubhouse	
78.11	
				78.11	

Check	
ACH	
06/08/2021 Fintech.net	
101000 · Operating - Checking Account	
-36.05	
			
79970 · Other Services - Admin	
36.05	
				36.05	

Bill Pmt -Check	
online	
06/10/2021 Cheney Brothers Inc.	
101000 · Operating - Checking Account	
-24,712.31	

Bill	
05-921060130	
05/03/2021	
502110 · Food - Restaurant	
1,831.81	
Bill	05-921071911	05/05/2021	502110 · Food - Restaurant	2,555.35	
Bill	05-921089042	05/07/2021	502110 · Food - Restaurant	1,779.84	
Bill	05-921089013	05/07/2021	72550 · Supplies - F & B Misc.	18.07	
Bill	05-921089041	05/07/2021	502610 · Liquor - Restaurant	88.58	
			72510 · Paper Supplies - F & B	537.53	
Bill	05-921097878	05/10/2021	502110 · Food - Restaurant	5,295.16	
Bill	05-921111070	05/12/2021	72300 · Patron Events - F & B	590.40	
Bill	05-921111159	05/12/2021	502110 · Food - Restaurant	425.23	
			72270 · Janitorial Supllies - F & B	177.16	
Bill	05-921138888	05/18/2021	502110 · Food - Restaurant	91.98	
Bill	05-921141041	05/18/2021	502110 · Food - Restaurant	894.62	
Bill	05-921145809	05/19/2021	502110 · Food - Restaurant	1,306.50	
Bill	05-921145814	05/19/2021	70270 · Janitorial Supplies	300.00	
			72510 · Paper Supplies - F & B	720.79	
Bill	05-921145839	05/19/2021	72270 · Janitorial Supllies - F & B	70.69	
Bill	05-921160595	05/21/2021	70270 · Janitorial Supplies	40.65	
Bill	05-921160594	05/21/2021	502110 · Food - Restaurant	18.68	
Bill	05-921161048	05/21/2021	502110 · Food - Restaurant	978.91	
Bill	05-921170925	05/24/2021	70270 · Janitorial Supplies	268.23	
			72510 · Paper Supplies - F & B	207.07	
Bill	05-921170939	05/24/2021	502110 · Food - Restaurant	2,281.71	
Bill	05-921181047	05/26/2021	502110 · Food - Restaurant	632.00	
Bill	05-921189662	05/27/2021	72510 · Paper Supplies - F & B	719.99	
Bill	05-921189920	05/27/2021	502110 · Food - Restaurant	57.73	
Bill	05-921189933	05/27/2021	502110 · Food - Restaurant	2,724.13	
			502210 · N/A Beverage - Restaurant	96.80	
			502610 · Liquor - Restaurant	135.66	
				24,845.27	

Bill Pmt -Check	
302461	
06/21/2021 Southern Glazer's Of FL	
101000 · Operating - Checking Account	
-703.29	

Bill	3186875	06/09/2021	505100 · Wine - COGS

Page2572o.0f022

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
502610 · Liquor - Restaurant

Check Detail	451.29	
		June 2	021	703.29	

Bill Pmt -Check	
302462	
06/11/2021 Champion Brands Inc.	
101000 · Operating - Checking Account	
-582.00	

Bill	
2559111	
06/10/2021	
502410 · Beer - Restaurant	
582.00	
				582.00	

Bill Pmt -Check	
302463	
06/10/2021 North Florida Sales	
101000 · Operating - Checking Account	
-1,088.85	

Bill	
3105885	
06/09/2021	
502410 · Beer - Restaurant	
1,088.85	
				1,088.85	

Bill Pmt -Check	
104755	
06/11/2021 Cobra Puma Golf	
101000 · Operating - Checking Account	
-754.50	

Bill	
G2414355	
04/02/2021	
121100 · Merchandise - Pro Shop	
754.49	
			501100 · Golf Shop - Merchandise	0.01	
				754.50	

Bill Pmt -Check	
104756	
06/11/2021 Massey Services, Inc.	
101000 · Operating - Checking Account	
-402.05	

Bill	
43985540B	
06/01/2021	
706900 · Pest Control	
376.25	
Bill	45368094	06/01/2021	706900 · Pest Control	25.80	
				402.05	

Bill Pmt -Check	
104757	
06/11/2021 Folds of Honor	
101000 · Operating - Checking Account	
-325.00	

Bill	
060421-	
06/04/2021	
79930 · Misc. Expenses - Admin	
325.00	
				325.00	

Bill Pmt -Check	
104758	
06/11/2021 NexAir, LLC	
101000 · Operating - Checking Account	
-90.71	

Bill	
08889608	
05/31/2021	
70500 · Operating Supplies	
90.71	
				90.71	

Bill Pmt -Check	
104759	
06/11/2021 Sea Breeze Food Service	
101000 · Operating - Checking Account	
-1,273.57	

Bill	
1365005	
06/01/2021	
502110 · Food - Restaurant	
549.53	
Bill	1365018	06/01/2021	502110 · Food - Restaurant	152.33	
Bill	1365824	06/04/2021	502110 · Food - Restaurant	102.50	
Bill	1365823	06/04/2021	502110 · Food - Restaurant	469.21	
				1,273.57	

Bill Pmt -Check	
104760	
06/11/2021 Sean DeWitt	
101000 · Operating - Checking Account	
-750.00	

Bill	
060421-	
06/04/2021	
111200 · Accounts Receivable - Events	
750.00	
				750.00	

Bill Pmt -Check	
202495	
06/11/2021 Ahead	
101000 · Operating - Checking Account	
-492.48	

Bill	
INV0480776	
05/26/2021	
121100 · Merchandise - Pro Shop	
492.48	

Page4982o.4f822

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
Check Detail

Bill Pmt -Check    202496	06/11/2021 Alsco

June 2021 101000 · Operating - Checking Account	-1,461.52

Bill	LJAC1057852	05/05/2021	72520 · Linen Service - F & B	138.63	
			72300 · Patron Events - F & B	250.00	
Bill	LJAC1058770	05/12/2021	72520 · Linen Service - F & B	369.71	
Bill	LJAC1059676	05/19/2021	72520 · Linen Service - F & B	301.92	
Bill	LJAC1060591	05/26/2021	72520 · Linen Service - F & B	401.26	
				1,461.52	

Bill Pmt -Check	
202497	
06/11/2021 Bulloch Fertilizer Co., Inc.	
101000 · Operating - Checking Account	
-2,225.90	

Bill	
00124579	
05/13/2021	
704010 · Course - Repair & Maintenance	
441.00	
			707040 · Chemicals - Course	1,540.00	
			707100 · Fertilizer - Course	244.90	
				2,225.90	

Bill Pmt -Check	
202498	
06/11/2021 Golf Car Services Inc	
101000 · Operating - Checking Account	
-309.68	

Bill	
15939	
05/26/2021	
70460 · Repairs - Equipment	
309.68	
				309.68	

Bill Pmt -Check	
202499	
06/11/2021 Hampton Golf, Inc. - 1	
101000 · Operating - Checking Account	
-11,550.00	

Bill	
124248	
06/01/2021	
703600 · Centralized Accounting	
3,000.00	
			801100 · Management Fees	7,000.00	
			703100 · Centralized Marketing	1,550.00	
				11,550.00	

Bill Pmt -Check	
202500	
06/11/2021 Arizona Manufacturing & Embroid	
101000 · Operating - Checking Account	
-924.73	

Bill	
678397	
06/02/2021	
121100 · Merchandise - Pro Shop	
924.84	
				924.84	

Bill Pmt -Check	
202501	
06/11/2021 GPS Industries, LLC	
101000 · Operating - Checking Account	
-1,161.00	

Bill	
I300017163	
06/15/2021	
81200 · Leases - Carts	
1,161.00	
				1,161.00	

Check	
ach	
06/11/2021 Paychex	
101000 · Operating - Checking Account	
-17.02	
			
602810 · Payroll Processing Fees	
17.02	
				17.02	

Bill Pmt -Check	
302466	
06/21/2021 Breakthru Beverage	
101000 · Operating - Checking Account	
-746.23	

Bill	
339811746	
06/09/2021	
502510 · Wine - Restaurant	
591.00	
			502610 · Liquor - Restaurant	155.23	
				746.23	

Bill Pmt -Check	
104761	
06/15/2021 Fl Department of Health in Clay Co	
101000 · Operating - Checking Account	
-50.00	
Page 9 of 22

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
Check Detail

Bill	1/5326758	06/11/2021	79680 · Dues & Subscriptions - Admin.	50.00
June 2021
50.00

Bill Pmt -Check	104762	06/15/2021 Direct TV, LLC	101000 · Operating - Checking Account	-595.93	

Bill	
059441655X2106	
06/05/2021	
79670 · Muzak - Clubhouse	
595.93	
				595.93	

Bill Pmt -Check	
302467	
06/14/2021 Southern Glazer's Of FL	
101000 · Operating - Checking Account	
-778.90	

Bill	
3162187	
06/02/2021	
502510 · Wine - Restaurant	
324.00	
			502610 · Liquor - Restaurant	454.90	
				778.90	

Check	
ach	
06/14/2021 Champion Brands Inc.	
101000 · Operating - Checking Account	
-1,041.90	
			
502410 · Beer - Restaurant	
1,041.90	
				1,041.90	

Bill Pmt -Check	
online	
06/17/2021 Acushnet	
101000 · Operating - Checking Account	
-2,048.66	

Bill	
910766469	
04/14/2021	
121100 · Merchandise - Pro Shop	
79.32	
Bill	910742146	04/17/2021	121100 · Merchandise - Pro Shop	50.00	
Bill	910766850	04/17/2021	111910 · Special Orders	90.60	
Bill	910776623	04/19/2021	121100 · Merchandise - Pro Shop	90.12	
Bill	910741978	04/21/2021	121100 · Merchandise - Pro Shop	703.44	
Bill	910807046	04/21/2021	121100 · Merchandise - Pro Shop	134.97	
Bill	910741980	04/24/2021	121100 · Merchandise - Pro Shop	84.00	
Bill	910806572	04/24/2021	121100 · Merchandise - Pro Shop	53.58	
			501100 · Golf Shop - Merchandise	0.02	
Bill	910821205	04/24/2021	121100 · Merchandise - Pro Shop	118.33	
Bill	910834218	04/28/2021	121100 · Merchandise - Pro Shop	285.52	
Bill	9100834153	05/04/2021	111910 · Special Orders	197.93	
Bill	910833623	05/04/2021	121100 · Merchandise - Pro Shop	63.00	
Bill	910845451	05/06/2021	121100 · Merchandise - Pro Shop	63.00	
Bill	910854486	05/17/2021	121100 · Merchandise - Pro Shop	88.88	
				2,102.71	

Bill Pmt -Check		
06/17/2021 Taylor Made Golf Co	
101000 · Operating - Checking Account	
0.00	

Bill	
34919455	
04/14/2021 Taylor Made Golf Co	
200000 · Accounts Payable StrongRoom	
-570.33	
				-570.33	

Bill Pmt -Check	
online	
06/17/2021 Callaway Golf Company	
101000 · Operating - Checking Account	
-1,809.31	

Bill	
932606275	
03/03/2021 Callaway Golf Company	
200000 · Accounts Payable StrongRoom	
-218.41	
Bill	932593095	03/10/2021 Callaway Golf Company	200000 · Accounts Payable StrongRoom	-434.04	
Bill	932588557	03/10/2021 Callaway Golf Company	200000 · Accounts Payable StrongRoom	-107.40	
Bill	932623771	03/10/2021 Callaway Golf Company	200000 · Accounts Payable StrongRoom	-492.30	
Bill	9330032424	04/24/2021 Callaway Golf Company	200000 · Accounts Payable StrongRoom	-225.33	
Bill	933066758	05/05/2021	121100 · Merchandise - Pro Shop	846.81	
Bill	933066769	06/01/2021	121100 · Merchandise - Pro Shop	 	Pag1e,01703o.1f222	

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
Check Detail

June 2021

442.45

Bill Pmt -Check	104763	06/17/2021 PNC Equipment Finance	101000 · Operating - Checking Account	-1,247.44	

Bill	
1029355	
06/01/2021	
805200 · Personal Property Taxes	
1,247.44	
				1,247.44	

Bill Pmt -Check	
202502	
06/17/2021 Global Golf Sales	
101000 · Operating - Checking Account	
-275.16	

Bill	
348507	
05/26/2021	
121100 · Merchandise - Pro Shop	
275.19	
				275.19	

Bill Pmt -Check	
202503	
06/17/2021 Hampton Golf, Inc. - 1	
101000 · Operating - Checking Account	
-1,850.97	

Bill	
124212	
06/01/2021	
703290 · Member & Marketing Expenses	
400.00	
			70680 · Dues and Subscriptions	33.00	
			602820 · EPLI Insurance	200.00	
			70560 · Office Supplies	587.31	
			602830 · Employee Recruiting & Screening	45.00	
			70650 · Telephone	55.32	
			703290 · Member & Marketing Expenses	530.34	
				1,850.97	

Bill Pmt -Check	
302484	
06/17/2021 North Florida Sales	
101000 · Operating - Checking Account	
-646.30	

Bill	
3110146	
06/16/2021	
502410 · Beer - Restaurant	
646.30	
				646.30	

Bill Pmt -Check	
302485	
06/28/2021 Southern Glazer's Of FL	
101000 · Operating - Checking Account	
-606.95	

Bill	
3211141	
06/16/2021	
502610 · Liquor - Restaurant	
606.95	
				606.95	

Bill Pmt -Check	
302486	
06/28/2021 Breakthru Beverage	
101000 · Operating - Checking Account	
-375.74	

Bill	
339902186	
06/16/2021	
502610 · Liquor - Restaurant	
113.74	
			502610 · Liquor - Restaurant	172.00	
			505100 · Wine - COGS	90.00	
				375.74	

Bill Pmt -Check	
302487	
06/14/2021 Clay Electric Cooperative, Inc.	
101000 · Operating - Checking Account	
-44.00	

Bill	
052421-1932	
06/01/2021	
70600 · Utilities	
44.00	
				44.00	

Bill Pmt -Check	
302488	
06/28/2021 Breakthru Beverage	
101000 · Operating - Checking Account	
-42.72	

Bill	
339919446	
06/16/2021	
502110 · Food - Restaurant	
42.72	
				42.72	

Check		
06/15/2021	
101000 · Operating - Checking Account	
-383.70	
Page 11 of 22

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
709720 · Bank Service Charges

Check Detail	383.70	
June 2021	383.70	

Check	
ACH	
06/17/2021 Fobesoft	
101000 · Operating - Checking Account	
-329.00	
			
70662 · Contract Services - Other	
329.00	
				329.00	

Bill Pmt -Check	
104764	
06/18/2021 Mechanical Solutions LLC	
101000 · Operating - Checking Account	
-542.99	

Bill	
052107	
06/01/2021	
70460 · Repairs - Equipment	
542.99	
				542.99	

Bill Pmt -Check	
104765	
06/18/2021 Sea Breeze Food Service	
101000 · Operating - Checking Account	
-1,527.99	

Bill	
1366513	
06/08/2021	
502110 · Food - Restaurant	
381.21	
Bill	1366512	06/08/2021	502110 · Food - Restaurant	142.53	
Bill	1366616	06/08/2021	502110 · Food - Restaurant	101.47	
Bill	1366785	06/09/2021	72510 · Paper Supplies - F & B	31.75	
Bill	1367324	06/11/2021	502110 · Food - Restaurant	442.95	
			70270 · Janitorial Supplies	29.75	
Bill	1367325	06/11/2021	502110 · Food - Restaurant	398.33	
				1,527.99	

Bill Pmt -Check	
104766	
06/18/2021 Cobra Puma Golf	
101000 · Operating - Checking Account	
-1,616.50	

Bill	
G2411962	
04/24/2021	
121100 · Merchandise - Pro Shop	
747.00	
Bill	G2411961	06/01/2021	121100 · Merchandise - Pro Shop	869.52	
				1,616.52	

Bill Pmt -Check	
104767	
06/18/2021 Taylor Made Golf Co	
101000 · Operating - Checking Account	
-3,083.37	

Bill	
34919455	
04/14/2021	
121100 · Merchandise - Pro Shop	
570.33	
Bill	34950395	04/24/2021	121100 · Merchandise - Pro Shop	331.77	
Bill	34937506	04/24/2021	121100 · Merchandise - Pro Shop	105.60	
Bill	34945782	04/24/2021	121100 · Merchandise - Pro Shop	847.23	
Bill	34969660	05/06/2021	121100 · Merchandise - Pro Shop	969.77	
Bill	35078654	06/03/2021	111910 · Special Orders	649.68	
				3,474.38	

Bill Pmt -Check	
104768	
06/18/2021 Acushnet	
101000 · Operating - Checking Account	
-7,502.59	

Bill	
910916334	
05/04/2021	
111910 · Special Orders	
88.18	
Bill	910881666	05/04/2021	121100 · Merchandise - Pro Shop	63.00	
Bill	910911812	05/06/2021	121100 · Merchandise - Pro Shop	63.00	
Bill	910869830	05/17/2021	121100 · Merchandise - Pro Shop	2,065.83	
Bill	910869863	05/17/2021	121100 · Merchandise - Pro Shop	2,062.74	
Bill	910869890	05/17/2021	121100 · Merchandise - Pro Shop	61.89	
			501100 · Golf Shop - Merchandise	0.01	
Bill	910882266	05/17/2021	121100 · Merchandise - Pro Shop	3,018.90	
Bill	910882300	05/17/2021	121100 · Merchandise - Pro Shop	79.26	

Pag7e,51022o.8f122

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
Check Detail

Bill Pmt -Check	104769	06/18/2021  U.S. Kids Golf	June 2021	101000 · Operating - Checking Account	-265.31	

Bill	
IN2011955	
05/12/2021	
121100 · Merchandise - Pro Shop	
273.82	
				273.82	

Bill Pmt -Check	
104770	
06/18/2021 Pepsi	
101000 · Operating - Checking Account	
-524.84	

Bill	
46332604	
05/25/2021	
502200 · Non Alcoholic Beverages - COGS	
524.84	
				524.84	

Bill Pmt -Check	
104771	
06/18/2021 Martin Coffee	
101000 · Operating - Checking Account	
-124.00	

Bill	
59763	
06/18/2021	
502210 · N/A Beverage - Restaurant	
124.00	
				124.00	

Bill Pmt -Check	
104772	
06/18/2021 Cigar Wholesalers of N FL, LLC	
101000 · Operating - Checking Account	
-194.24	

Bill	
005282021	
05/28/2021	
121100 · Merchandise - Pro Shop	
194.24	
				194.24	

Bill Pmt -Check	
104773	
06/18/2021 Staples Advantage	
101000 · Operating - Checking Account	
-217.36	

Bill	
8062374003	
05/26/2021	
79560 · Office Supplies - Admin.	
73.88	
			71510 · Supplies - Pro Shop	143.48	
				217.36	

Bill Pmt -Check	
104774	
06/18/2021 GreatAmerica Financial Services Co	
101000 · Operating - Checking Account	
-856.12	

Bill	
29436980	
05/31/2021	
89200 · Leases - Office Equipment	
856.12	
				856.12	

Bill Pmt -Check	
104775	
06/18/2021 Jani-King of Jacksonville	
101000 · Operating - Checking Account	
-1,962.79	

Bill	
JAK06210009	
06/01/2021	
70260 · Janitorial Expense	
1,962.79	
				1,962.79	

Bill Pmt -Check	
104776	
06/18/2021 BKS Partners	
101000 · Operating - Checking Account	
-2,235.25	

Bill	
5421,5457	
06/01/2021	
804100 · Insurance - Liability	
2,235.25	
				2,235.25	

Bill Pmt -Check	
104777	
06/18/2021 Callaway Golf Company	
101000 · Operating - Checking Account	
-1,709.63	

Bill	
932658325	
03/03/2021	
121100 · Merchandise - Pro Shop	
220.96	
Bill	932663271	03/10/2021	121100 · Merchandise - Pro Shop	216.96	
			501100 · Golf Shop - Merchandise	0.06	
Bill	932663272	03/10/2021	121100 · Merchandise - Pro Shop	216.96	
			501100 · Golf Shop - Merchandise	0.06	
Bill	933090005	05/04/2021	121100 · Merchandise - Pro Shop	89.10	

Bill	
933096879	
05/04/2021	501100 · Golf Shop - Merchandise
121100 · Merchandise - Pro Shop	0.02
Page 31237o.1f222	

10:50 AM	The Crossings at Fleming Island CDD/Eagle Harbor Golf Club	
T07y/p1e4/21	Num	Date	Name	Account	Original Amount
Check Detail	

Bill	933111433	05/06/2021	June 2021 121100 · Merchandise - Pro Shop	115.20	
Bill	933117870	05/26/2021	121100 · Merchandise - Pro Shop	359.50	
Bill	933274793	06/02/2021	111910 · Special Orders	163.67	
				1,709.65	

Bill Pmt -Check	
104778	
06/18/2021 Napa	
101000 · Operating - Checking Account	
-74.67	

Bill	
053121-1442	
06/01/2021	
78460 · Repairs - Maint. Equipment	
74.67	
				74.67	

Bill Pmt -Check	
104779	
06/18/2021 Sharp Energy	
101000 · Operating - Checking Account	
-503.67	

Bill	
061121-7002	
06/11/2021	
706200 · Fuel & Oil	
503.67	
				503.67	

Bill Pmt -Check	
202504	
06/18/2021 Bulloch Fertilizer Co., Inc.	
101000 · Operating - Checking Account	
-966.00	

Bill	
00124802	
05/24/2021	
704010 · Course - Repair & Maintenance	
966.00	
				966.00	

Bill Pmt -Check	
202505	
06/18/2021 Golf Car Services Inc	
101000 · Operating - Checking Account	
-50.00	

Bill	
15942	
05/26/2021	
70460 · Repairs - Equipment	
50.00	
				50.00	

Bill Pmt -Check	
202506	
06/18/2021 Site One Landscape Supply	
101000 · Operating - Checking Account	
-5,940.73	

Bill	
108189530-001	
04/22/2021	
707500 · Mulch - Course	
5,694.66	
Bill	1088316823-001	04/23/2021	70460 · Repairs - Equipment	246.07	
				5,940.73	

Bill Pmt -Check	
104780	
06/21/2021 Pepsi	
101000 · Operating - Checking Account	
-293.53	

Bill	
24025304	
06/15/2021	
502210 · N/A Beverage - Restaurant	
293.53	
				293.53	

Bill Pmt -Check	
104781	
06/21/2021 PNC Equipment Finance	
101000 · Operating - Checking Account	
-12,504.06	

Bill	
1158159	
06/01/2021	
88200 · Leases - Maintenance	
1,960.15	
Bill	1141947	06/01/2021	88200 · Leases - Maintenance	388.02	
Bill	1141946	06/01/2021	88200 · Leases - Maintenance	2,210.15	
Bill	1169632	06/15/2021	88200 · Leases - Maintenance	7,945.74	
				12,504.06	

Bill Pmt -Check	
104782	
06/21/2021 GCSAA	
101000 · Operating - Checking Account	
-150.00	

Bill	
300006826	
06/03/2021	
70680 · Dues and Subscriptions	
150.00	
				150.00	

Check	
ach	
06/21/2021 Paychex	
101000 · Operating - Checking Account	
-127.68	

501100 · Golf Shop - Merchandise	0.04

Page 14 of 22

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club

Check Detail

Num	Date	Name	Account	Original Amount
602810 · Payroll Processing Fees	127.68

	June 2	021
127.68	

Check	
ach	
06/21/2021 Champion Brands Inc.	
101000 · Operating - Checking Account	
-542.00	
			
502410 · Beer - Restaurant	
542.00	
				542.00	

Bill Pmt -Check	
104783	
06/22/2021 Cobra Puma Golf	
101000 · Operating - Checking Account	
-259.83	

Bill	
G2446188	
04/24/2021	
121100 · Merchandise - Pro Shop	
259.85	
				259.85	

Bill Pmt -Check	
104784	
06/22/2021 Jacksonville Humitech	
101000 · Operating - Checking Account	
-45.00	

Bill	
H15017	
06/01/2021	
72460 · Repairs - F & B Equipment	
45.00	
				45.00	

Bill Pmt -Check	
104785	
06/22/2021 GFL Environmental	
101000 · Operating - Checking Account	
-808.67	

Bill	
UG0000022330	
06/21/2021	
70630 · Refuse and Portables	
808.67	
				808.67	

Bill Pmt -Check	
104786	
06/22/2021 David Gray Plumbing	
101000 · Operating - Checking Account	
-374.80	

Bill	
I653189	
06/01/2021	
79480 · Repairs - Clubhouse	
374.80	
				374.80	

Bill Pmt -Check	
104787	
06/22/2021 Callaway Golf Company	
101000 · Operating - Checking Account	
-227.18	

Bill	
932695587	
03/10/2021	
121100 · Merchandise - Pro Shop	
227.28	
				227.28	

Bill Pmt -Check	
104788	
06/22/2021 Sea Breeze Food Service	
101000 · Operating - Checking Account	
-1,067.15	

Bill	
368196	
06/16/2021	
502110 · Food - Restaurant	
697.50	
Bill	1368197	06/16/2021	502110 · Food - Restaurant	98.05	
Bill	1368765	06/18/2021	502110 · Food - Restaurant	96.25	
Bill	1368764	06/18/2021	502110 · Food - Restaurant	175.35	
				1,067.15	

Bill Pmt -Check	
104789	
06/22/2021 Pukka, Inc.	
101000 · Operating - Checking Account	
-931.68	

Bill	
5103682-IN	
06/19/2021	
111910 · Special Orders	
931.68	
				931.68	

Bill Pmt -Check	
202507	
06/22/2021 Bulloch Fertilizer Co., Inc.	
101000 · Operating - Checking Account	
-1,218.10	

Bill	
00124970	
06/01/2021	
707100 · Fertilizer - Course	
1,218.10	
				1,218.10	

Bill Pmt -Check	
202508	
06/22/2021 Cutter & Buck	
101000 · Operating - Checking Account	Page-71517o.2f422	

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
Check Detail

Bill	0095619432	06/19/2021

June 2021 111910 · Special Orders	717.24

				717.24	

Bill Pmt -Check	
202509	
06/22/2021 Global Golf Sales	
101000 · Operating - Checking Account	
-681.82	

Bill	
348981	
05/27/2021	
121100 · Merchandise - Pro Shop	
344.66	
			501100 · Golf Shop - Merchandise	0.24	
			71500 · Supplies - Golf Operations	187.31	
Bill	349138	06/04/2021	121100 · Merchandise - Pro Shop	126.15	
			71500 · Supplies - Golf Operations	23.46	
				681.82	

Bill Pmt -Check	
202510	
06/22/2021 Golf Car Services Inc	
101000 · Operating - Checking Account	
-50.00	

Bill	
16234	
05/25/2021	
70460 · Repairs - Equipment	
50.00	
				50.00	

Bill Pmt -Check	
202511	
06/22/2021 NGF Consulting	
101000 · Operating - Checking Account	
-3,125.00	

Bill	
129199	
06/01/2021	
99950 · Misc Other Expenses	
3,125.00	
				3,125.00	

Bill Pmt -Check	
202512	
06/22/2021 Supreme International LLC	
101000 · Operating - Checking Account	
-635.14	

Bill	
V18661465	
06/19/2021	
121100 · Merchandise - Pro Shop	
635.14	
				635.14	

Bill Pmt -Check	
104790	
06/23/2021 PGA of America	
101000 · Operating - Checking Account	
-571.00	

Bill	
083121-1099	
06/01/2021	
79680 · Dues & Subscriptions - Admin.	
571.00	
				571.00	

Bill Pmt -Check	
104791	
06/23/2021 DLL Finance LLC	
101000 · Operating - Checking Account	
-6,848.84	

Bill	
21695287	
06/10/2021	
81200 · Leases - Carts	
865.38	
Bill	21695286	07/01/2021	81200 · Leases - Carts	5,983.46	
				6,848.84	

Bill Pmt -Check	
302497	
06/24/2021 North Florida Sales	
101000 · Operating - Checking Account	
-710.50	

Bill	
3114269	
06/23/2021	
502410 · Beer - Restaurant	
710.50	
				710.50	

Bill Pmt -Check	
302498	
06/25/2021 Champion Brands Inc.	
101000 · Operating - Checking Account	
-170.00	

Bill	
2569299	
06/24/2021	
502410 · Beer - Restaurant	
170.00	
				170.00	

Bill Pmt -Check		
06/29/2021 Cleveland Golf	
101000 · Operating - Checking Account	
0.00	

Bill	
6353209 SO	
04/24/2021 Cleveland Golf	
200000 · Accounts Payable StrongRoom	Page-21619o.5f022	

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
Check Detail

June 2021

-219.50

Bill Pmt -Check	202513	06/29/2021 Bulloch Fertilizer Co., Inc.	101000 · Operating - Checking Account	-7,484.40	

Bill	
00125025	
06/04/2021	
704010 · Course - Repair & Maintenance	
1,114.90	
			707100 · Fertilizer - Course	225.50	
			707040 · Chemicals - Course	5,584.00	
Bill	00125247	06/15/2021	707040 · Chemicals - Course	560.00	
				7,484.40	

Bill Pmt -Check	
202514	
06/29/2021 Cleveland Golf	
101000 · Operating - Checking Account	
-93.50	

Bill	
6353209 SO	
04/24/2021	
121100 · Merchandise - Pro Shop	
219.50	
				219.50	

Bill Pmt -Check	
202515	
06/29/2021 Gate Fuel Services, Inc	
101000 · Operating - Checking Account	
-2,648.56	

Bill	
5218042	
06/22/2021	
706200 · Fuel & Oil	
2,648.56	
				2,648.56	

Bill Pmt -Check	
202516	
06/29/2021 Global Golf Sales	
101000 · Operating - Checking Account	
-368.71	

Bill	
349591	
06/19/2021	
121100 · Merchandise - Pro Shop	
45.25	
			71500 · Supplies - Golf Operations	33.97	
Bill	350223	06/22/2021	71500 · Supplies - Golf Operations	289.49	
				368.71	

Bill Pmt -Check	
202517	
06/29/2021 Site One Landscape Supply	
101000 · Operating - Checking Account	
-1,537.95	

Bill	
108610231-001	
05/03/2021	
707040 · Chemicals - Course	
261.42	
			707100 · Fertilizer - Course	1,043.26	
Bill	108833565-001	05/07/2021	70500 · Operating Supplies	79.00	
Bill	108913074-001	05/10/2021	70500 · Operating Supplies	47.00	
Bill	108769897-001	05/11/2021	71540 · Supplies - Course	107.27	
				1,537.95	

Bill Pmt -Check	
202518	
06/29/2021 Southeastern Paper Group	
101000 · Operating - Checking Account	
-326.85	

Bill	
5238847	
06/07/2021	
78500 · Supplies - Maintenance	
326.85	
				326.85	

Bill Pmt -Check	
104792	
06/30/2021 Taylor Made Golf Co	
101000 · Operating - Checking Account	
-31.47	

Bill	
34999618	
05/17/2021	
121100 · Merchandise - Pro Shop	
24.00	
			501900 · Shipping & Handling	7.47	
				31.47	

Bill Pmt -Check	
104793	
06/30/2021 Acushnet	
101000 · Operating - Checking Account	
-3,823.67	

Bill	
910947316	
05/08/2021	
121100 · Merchandise - Pro Shop	
118.33	
Bill	910947165	05/17/2021	121100 · Merchandise - Pro Shop	104.95	
Bill	910927133	05/17/2021	121100 · Merchandise - Pro Shop	Page 11376o.0f022	

10:50 AM
T07y/p1e4/21	The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount	
Bill	Check Detail
910965724	05/17/2021	121100 · Merchandise - Pro Shop	569.66
June 2021 501100 · Golf Shop - Merchandise	0.01	

Bill	
910978404	05/17/2021	121100 · Merchandise - Pro Shop	122.00	
Bill	910996776	05/17/2021	121100 · Merchandise - Pro Shop	1,168.71	
Bill	910997326	05/17/2021	121100 · Merchandise - Pro Shop	101.69	
Bill	910965725	05/26/2021	121100 · Merchandise - Pro Shop	165.50	
Bill	911018110	05/26/2021	121100 · Merchandise - Pro Shop	62.40	
Bill	911158099	06/19/2021	121100 · Merchandise - Pro Shop	56.86	
Bill	911205533	06/22/2021	111910 · Special Orders	988.39	
Bill	911158098	06/26/2021	71300 · Patron Events - Pro Shop	171.36	
Bill	911157827	06/26/2021	121100 · Merchandise - Pro Shop	57.83	

	3,823.69	

Bill Pmt -Check	
104794	
06/30/2021 U.S. Kids Golf	
101000 · Operating - Checking Account	
-29.30	

Bill	
IN2010464	
06/22/2021	
121100 · Merchandise - Pro Shop	
29.30	
				29.30	

Bill Pmt -Check	
104795	
06/30/2021 Vulcan Materials - Fla Rock Div	
101000 · Operating - Checking Account	
-1,263.80	

Bill	
14224083	
06/16/2021	
707310 · Sand - Course	
1,263.80	
				1,263.80	

Bill Pmt -Check	
104796	
06/30/2021 Cigar Wholesalers of N FL, LLC	
101000 · Operating - Checking Account	
-55.00	

Bill	
6132021	
06/19/2021	
121100 · Merchandise - Pro Shop	
55.00	
				55.00	

Bill Pmt -Check	
104797	
06/30/2021 Folds of Honor	
101000 · Operating - Checking Account	
-325.00	

Bill	
062021-donation	
06/04/2021	
111910 · Special Orders	
325.00	
				325.00	

Bill Pmt -Check	
104798	
06/30/2021 Staples Advantage	
101000 · Operating - Checking Account	
-82.92	

Bill	
8062516467	
06/08/2021	
71550 · Supplies - Misc. - Golf	
33.53	
Bill	8062588342	06/15/2021	71580 · Printing - Golf	49.39	
				82.92	

Bill Pmt -Check	
104799	
06/30/2021 First Tee - North Florida	
101000 · Operating - Checking Account	
-40.00	

Bill	
060421-donation	
06/04/2021	
111910 · Special Orders	
40.00	
				40.00	

Bill Pmt -Check	
104800	
06/30/2021 Callaway Golf Company	
101000 · Operating - Checking Account	
-7,108.97	

Bill	
932717249	
03/20/2021	
121100 · Merchandise - Pro Shop	
220.99	
Bill	933155165	05/11/2021	121100 · Merchandise - Pro Shop	419.23	
Bill	9*33155166	05/11/2021	121100 · Merchandise - Pro Shop	366.24	
Bill	933178706	05/13/2021	121100 · Merchandise - Pro Shop	976.29	
Bill	933178705	05/17/2021	121100 · Merchandise - Pro Shop	848.58	
Bill	933127659	05/17/2021	121100 · Merchandise - Pro Shop	Page 31282o.0f222	

10:50 AM	The Crossings at Fleming Island CDD/Eagle Harbor Golf Club	
T07y/p1e4/21	Num	Date	Name	Account	Original Amount
Check Detail	

Bill	933187671	05/17/2021	June 2021 121100 · Merchandise - Pro Shop	912.30	
Bill	933202466	05/17/2021	121100 · Merchandise - Pro Shop	875.07	
Bill	933202467	05/26/2021	121100 · Merchandise - Pro Shop	371.28	
Bill	933187672	05/26/2021	121100 · Merchandise - Pro Shop	1,034.88	
Bill	933187674	05/26/2021	121100 · Merchandise - Pro Shop	228.48	
Bill	933187673	05/26/2021	121100 · Merchandise - Pro Shop	207.48	
Bill	933199005	05/26/2021	121100 · Merchandise - Pro Shop	90.54	
Bill	933216661	05/26/2021	121100 · Merchandise - Pro Shop	126.90	
Bill	933227342	05/26/2021	121100 · Merchandise - Pro Shop	108.72	
				7,109.01	

Bill Pmt -Check	
104801	
06/30/2021 Napa	
101000 · Operating - Checking Account	
-195.89	

Bill	
557836	
06/23/2021	
78460 · Repairs - Maint. Equipment	
195.89	
				195.89	

Bill Pmt -Check	
104802	
06/30/2021 Sharp Energy	
101000 · Operating - Checking Account	
-408.65	

Bill	
062121-7002	
06/21/2021	
706200 · Fuel & Oil	
408.65	
				408.65	

Bill Pmt -Check	
104803	
06/30/2021 Crystal Springs	
101000 · Operating - Checking Account	
-236.16	

Bill	
061121-8010	
06/11/2021	
78500 · Supplies - Maintenance	
236.16	
				236.16	

Bill Pmt -Check	
104804	
06/30/2021 Sea Breeze Food Service	
101000 · Operating - Checking Account	
-733.56	

Bill	
1369492	
06/22/2021	
502110 · Food - Restaurant	
269.51	
Bill	1369493	06/22/2021	502110 · Food - Restaurant	87.88	
Bill	1370248	06/25/2021	502110 · Food - Restaurant	157.09	
Bill	1370249	06/25/2021	502110 · Food - Restaurant	219.08	
				733.56	

Bill Pmt -Check	
104805	
06/30/2021 Pukka, Inc.	
101000 · Operating - Checking Account	
-1,219.12	

Bill	
510363-IN	
06/19/2021	
121100 · Merchandise - Pro Shop	
669.12	
Bill	5103593-IN	06/19/2021	121100 · Merchandise - Pro Shop	550.00	
				1,219.12	

Bill Pmt -Check	
104806	
06/30/2021 Dagmar Marketing	
101000 · Operating - Checking Account	
-400.00	

Bill	
4982	
06/09/2021	
703320 · Internet	
400.00	
				400.00	

Bill Pmt -Check	
302502	
06/30/2021 Comcast	
101000 · Operating - Checking Account	
-159.03	

Bill	
124107667	
06/01/2021	
79650 · Telephone - Administration	
159.03	
				159.03	

Bill Pmt -Check	
302503	
06/28/2021 Wells Fargo Financial Leasing, Inc.	
101000 · Operating - Checking Account	
Pag-1e,15921o.8f022	

501100 · Golf Shop - Merchandise	0.01

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
Check Detail

Bill	5015350092	06/01/2021	Ju	ne 2021 88200 · Leases - Maintenance	1,521.80	
				1,521.80	

Check	
2897	
06/02/2021 Trivia Guy	
101100 · In House Checking	
-350.00	
			
72300 · Patron Events - F & B	
350.00	
				350.00	

Check	
2898	
06/04/2021 JT Broyles	
101100 · In House Checking	
-175.00	
			
72300 · Patron Events - F & B	
175.00	
				175.00	

Check	
2900	
06/09/2021 Trivia Guy	
101100 · In House Checking	
-350.00	
			
72300 · Patron Events - F & B	
350.00	
				350.00	

Check	
2901	
06/16/2021 Trivia Guy	
101100 · In House Checking	
-350.00	
			
72300 · Patron Events - F & B	
350.00	
				350.00	

Check	
2903	
06/18/2021 JT Broyles	
101100 · In House Checking	
-175.00	
			
72300 · Patron Events - F & B	
175.00	
				175.00	

Check	
2902	
06/18/2021 Bryce Dipotri	
101100 · In House Checking	
-140.70	
			
601100 · Wages - Pro Shop	
140.70	
				140.70	

Check	
2904	
06/23/2021 Trivia Guy	
101100 · In House Checking	
-350.00	
			
72300 · Patron Events - F & B	
350.00	
				350.00	

Check	
2905	
06/30/2021 Trivia Guy	
101100 · In House Checking	
-350.00	
			
72300 · Patron Events - F & B	
350.00	
				350.00	

Check		
06/02/2021 Publix	
101300 · Debit Card	
-13.14	
			
502110 · Food - Restaurant	
13.14	
				13.14	

Check		
06/04/2021 Home Depot	
101300 · Debit Card

79480 · Repairs - Clubhouse	
-10.72

Page 2100o.7f222	

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
Check Detail

10.72

Check		June 2021
06/04/2021 Target	

101300 · Debit Card	

-13.29	
			72560 · Office Supplies - F & B	13.29	
				13.29	
Check		06/04/2021 Amazon Business	101300 · Debit Card	-6.30	
			72550 · Supplies - F & B Misc.	6.30	
				6.30	
Check	ach	06/03/2021 Indeed.com	101300 · Debit Card	-208.00	
			602830 · Employee Recruiting & Screening	208.00	
				208.00	
Check		06/03/2021 Katom Restaurant	101300 · Debit Card	-105.28	
			72530 · China, Glass & Silver	105.28	
				105.28	
Check		06/08/2021 Target	101300 · Debit Card	-74.46	
			72540 · Misc. Serving Equipment	74.46	
				74.46	
Check		06/10/2021 g&s restaurant supply	101300 · Debit Card	-149.10	
			72540 · Misc. Serving Equipment	149.10	
				149.10	
Check		06/10/2021 Costco	101300 · Debit Card	-219.70	
			502210 · N/A Beverage - Restaurant	219.70	
				219.70	
Check	debit	06/04/2021 Target	101300 · Debit Card	-12.87	
			502110 · Food - Restaurant	12.87	
				12.87	
Check		06/16/2021 Costco	101300 · Debit Card	-94.32	
			502110 · Food - Restaurant	94.32	
				94.32	
Check	debit	06/11/2021 Amazon Business	101300 · Debit Card	-31.24	
			502210 · N/A Beverage - Restaurant	31.24	
				31.24	
Page 21 of 22

10:50 AM
T07y/p1e4/21

The Crossings at Fleming Island CDD/Eagle Harbor Golf Club
Num	Date	Name	Account	Original Amount
Check Detail

Check	06/18/2021 Costco	101300 · Debit Card	-70.74
	June 2021	

502210 · N/A Beverage - Restaurant	

70.74	
			70.74	
Check		06/18/2021 Sams Club		101300 · Debit Card	-233.00	
				52230 · N/A Beverage - Beverage Cart	67.92	
				502110 · Food - Restaurant	165.08	
					233.00	
Check	debit	06/14/2021 Publix		101300 · Debit Card	-4.39	
				502110 · Food - Restaurant	4.39	
					4.39	
Check		06/18/2021 Amazon Business		101300 · Debit Card	-31.24	
				52230 · N/A Beverage - Beverage Cart	31.24	
					31.24	
Check		06/27/2021 Walmart		101300 · Debit Card	-50.38	
				52230 · N/A Beverage - Beverage Cart	50.38	
					50.38	
Check		06/29/2021 Amazon Business		101300 · Debit Card	-314.91	
				704010 · Course - Repair & Maintenance	314.91	
					314.91	
Check		06/30/2021 ny pizza		101300 · Debit Card	-73.53	
				79930 · Misc. Expenses - Admin	73.53	
					73.53	
				TOTAL	207,653.76	

Page 22 of 22

FIFTH ORDER OF BUSINESS

Membership Plan Changes (Membership Application also reflects these changes)
Section 4.7
Summary of changes:
A NEW member (less than 12 months of consecutive months) will be required to sign a 12-month contract and can only resign for medical or lifechanging events during the first 12 months. Members with 12 months or more of consecutive membership, can resign their membership for any reason by giving 60 days written notice. A Membership can be made inactive for health related and now “life changing events” more than once and can be for a required time.

New wording
4.7. Resignation; Inactive Status. In the event a New Member desires to resign from membership at the Club during the first twelve (12) months of a new membership the Member will not be entitled to a refund of any Club Charges paid to the Club and will remain liable to the Club for any Membership Dues owed for the remainder of the Membership Year. A “New Member” is herein defined as a person or entity who has been a Member of the Club for less than twelve (12) consecutive months. All other Members, i.e. Members with over twelve (12) consecutive months of membership at the Club, may resign their membership at any time and for any reason after submitting sixty (60) days’ prior written notice to Hampton Golf of their intention to resign their membership. For the avoidance of doubt, any Member who resigns his or her membership then rejoins the Club at a later time shall be considered a New Member and is required to: (i) execute and submit another Membership Agreement, pending Club approval; and (ii) submit payment of the then-applicable Initiation Fee (if any).
Members cannot waive or otherwise escape liability for Club Charges, or any other dues, fees and charges provided for in the Club Documents, by non-use of, abandonment of the right to use, or the waiver of the right to use the Club Facilities. Notwithstanding the foregoing, any Member may request that his or her membership at the Club be made inactive for a health-related or life changing event. The Club requires a letter from a physician stating that the Member cannot use the Club Facilities due to health-related reasons, and then, at the Club’s sole discretion, the Member may become inactive for a period of time specified by the physician. The Member shall present his or her “life changing event” to the Club and the Club may, in the Club’s sole discretion, render the Member’s membership inactive for a period of time or terminate the membership. The granting of inactive status shall be upon the terms and conditions established by the Club from time to time. If the request for inactive status is approved by the Club, the inactive Member: (i) will not have any golf-related privileges during the inactive status period; and (ii) will not be responsible for the Membership Dues associated with said Member’s category of membership that would otherwise be due during the inactive status period. If an inactive Member’s category of membership includes family privileges, then such Member’s immediate family members will not have golf-related privileges during the inactive status period unless otherwise approved by the Club. An inactive Member may reactivate their membership at any time by providing written notice to the Club and paying prorated Membership Dues for the remainder of the Membership Year.

Section 6.1
Summary of changes:
All memberships will have a start date and renewal date of Oct 1 instead of when the membership plan is signed.

New wording:
“Membership Year” shall mean the twelve-month period commencing October 1 and ending September 31 (including any Renewal Terms, as defined therein), unless otherwise established by the Club from time to time.

Section 6.3
Summary of changes:
New section added to account for initiation fees

New wording:
6.3. Initiation Fee. Each Member must also pay a membership initiation fee (“Initiation Fee”) to the Club in the amount in effect at the time said Member acquires the membership, plus applicable tax. In the Club’s sole discretion, the Club will determine the amount of the required Initiation Fee for each membership category from time to time, and may waive the Initiation Fee. The Club may also create and implement certain incentive-based membership offerings, which may waive or reduce the Initiation Fee for prospective members. Initiation Fees are not transferable and nonrefundable, except as specifically provided in this Membership Plan.

Section 10:
Summary of changes:
Changed from indemnification to hold harmless. Eliminated “including without limitation, those claims or demands resulting from acts or omissions of active or passive negligence on the part of the Released parties.”

New wording:
10.  Hold Harmless. In consideration of the membership privileges herein described,  each Member and each person using the Club Facilities and the equipment and amenities of the Club through a Member’s membership, expressly agrees that: (i) all use of the Club Facilities and the equipment and amenities of the Club is undertaken at the sole risk of the user, and the District and Hampton Golf, and each of their respective officers, directors, shareholders/members (as applicable), representatives, agents, employees, successors, and assigns, and any owner of all or any portion of the Club Facilities, and their affiliates and subsidiaries (collectively, “Released Parties”), shall not be liable for any injuries or damages to any Member or other persons; and (ii) the Released Parties shall not be subject to and are hereby released and forever discharged from any claims or demands whatsoever. Furthermore, each Member, for itself/himself/herself, and its/his/her immediate family members and guests, agrees to hold the Released Parties harmless against all actions, injuries, claims, losses, liability, damages, costs, and expenses (including attorneys’ fees and court costs at trial and all appellate levels) of any kind or nature whatsoever (collectively, “Losses”) incurred by or asserted against any of the Released Parties, whether direct, indirect or consequential, as a result of or in any way related to such Member’s membership, including without limitation, use of the Club Facilities by Members and/or their immediate family members and guests, or the interpretation of the Club Documents and/or from any act or omission

insurance policies. Furthermore, should any Member bound by this Membership Plan bring suit against any of the Released Parties in connection with any event operated, organized, arranged, or sponsored by the Club or on any other claim or matter in connection with membership at the Club or use of the Club Facilities, and fails to obtain judgment therein against any of the Released Parties, said Member shall be liable to the Released Parties for all costs and expenses incurred by them in the defense of such suit, including without limitation, court costs and attorneys’ fees and expenses through trial and all appellate proceedings.

GOLF CLUB RULES AND REGULATIONS
Eliminated the following rule:

The Club may, in its sole discretion, establish rules and regulations for the use of cell phones or provide restrictions to prevent the use of cell phones while persons are using any of the Club Facilities or while on the Club’s premises.

GOLF CLUB MEMBERSHIP APPLICATION
& AGREEMENT

Applicant’s Name (“Applicant”):   	
Date of Birth: 	Email Address:  	
Primary Residence Address:  	
City: 	State: 	Zip Code:   	
Billing Address (if different from above):   	
Telephone: (Home) 	(Cell)   	
Business or Employer Name: 	Title:  	
Business Phone Number: 	Business Address:  	
City: 	State: 	Zip Code:   	

IF APPLICABLE:
Name of Applicant’s Spouse or Significant Other:   	
Date of Birth: 	Email Address:  	

Applicant’s Children:
Name:	 Name:	 Name:  	

Gender:	 Gender:	 Gender:   	

Date of Birth:   	 Date of Birth:   	 Date of Birth:   	

Age:	 Age:	 Age:   	

MEMBERSHIP CATEGORY
(Please Check One):

GOLDEN EAGLE – SINGLE	□ EXECUTIVE (UNDER 40) – SINGLE
GOLDEN EAGLE – FAMILY	□ EXECUTIVE (UNDER 40) – FAMILY
*ACTIVE MILITARY – SINGLE	□ JUNIOR (UNDER 16)
*ACTIVE MILITARY – FAMILY
* Proof of active military service is required with submission of application.

CART FEES (AS APPLICABLE) ARE REQUIRED FOR ALL MEMBERSHIPS. THE CART FEE ENTITLES A MEMBER TO USE A CLUB GOLF CART ON THE GOLF COURSE. PRIVATELY-OWNED GOLF CARTS MUST BE REGISTERED WITH THE CLUB PURSUANT TO A PRIVATE GOLF CART AGREEMENT AND AN ANNUAL TRAIL FEE MUST BE PAID TO THE CLUB PRIOR TO USE. GREENS FEES ARE INCLUDED FOR ALL MEMBERSHIPS.

TERMS & CONDITIONS

Club. Eagle Harbor Golf Club (the “Club”) is a golf and country club owned and operated by The Crossings at Fleming Island Community Development District (the “District”). The District engaged and authorized Hampton Golf, Inc. (“Hampton Golf”), to operate, manage and maintain the Club and its associated facilities (collectively, “Club Facilities”) on behalf of the District. All capitalized terms used in this Membership Application & Agreement (this “Agreement”) that are not defined herein shall have the meanings given to them in the Club’s Membership Plan, which is incorporated herein by this reference. In the event of a conflict between this Agreement and the Membership Plan, the Membership Plan shall control. Each reference in this Agreement to the District and/or the Club with regard to decision making or the exercise of discretion shall also mean Hampton Golf.

Membership. Upon submittal of this Agreement, Applicant hereby applies for a membership at the Club in the category specified above in accordance with this Agreement and all other Club Documents, as the Club Documents may be amended from time to time by the District, in its sole discretion. Upon submittal of this Agreement, Applicant authorizes the disclosure and release of information to the Club for investigating Applicant’s qualifications for membership at the Club, including without limitation, Applicant’s credit history. Applicant further authorizes any person or entity to furnish to the Club information requested by the Club and agrees to hold the District and Hampton Golf harmless from any and all such acts related to the release of said information. Until this Agreement is approved, Applicant cannot use the Club Facilities.

Term and Renewal. If this Agreement is accepted and approved by the Club, Applicant’s membership shall begin on the date last written below by the Club (“Effective Date”) and shall continue for a period of twelve (12) consecutive months (“Initial Term”), unless terminated earlier in accordance with the Club Documents.

THIS AGREEMENT SHALL AUTOMATICALLY RENEW FOR SUCCESSIVE ONE (1) YEAR PERIODS, UNLESS EARLIER TERMINATED IN ACCORDANCE WITH THIS SECTION 3 (EACH, A “RENEWAL TERM”). IF APPLICANT DOES NOT WANT THIS AGREEMENT TO AUTOMATICALLY RENEW, APPLICANT MUST DELIVER WRITTEN NOTICE THEREOF TO THE CLUB WITHIN THIRTY (30) DAYS BEFORE THE START OF A RENEWAL TERM. IF APPLICANT FAILS TO PROVIDE SUCH NOTICE TO THE CLUB, APPLICANT UNDERSTANDS THAT THIS AGREEMENT WILL AUTOMATICALLY CONTINUE AND APPLICANT AUTHORIZES THE CLUB TO COLLECT THE THEN- APPLICABLE CLUB CHARGES USING ANY PAYMENT METHOD THAT THE CLUB HAS
ON RECORD FOR APPLICANT. For purposes of this Agreement, the Initial Term and any Renewal Term(s) are collectively referred to as the “Term.”
Payment of Accounts. The membership is subject to payment of the Membership Dues and all other Club Charges as the Club may establish, all of which are subject to change from time to time. If this Agreement is approved by the Club, Applicant hereby authorizes the Club to charge payment of the Membership Dues and all other Club Charges associated with the applicable membership in accordance with the Payment Authorization Form (as provided by the Club). Applicant acknowledges that all payments of Club Charges are subject to applicable tax at time of

payment. Applicant further acknowledges that all fees and charges required hereunder are nonrefundable.

Acknowledgement of Membership Rights. Membership at the Club permits Applicant to use the Club Facilities in accordance with the Membership Plan and other Club Documents so designated by the District and Hampton Golf from time to time, each as may be amended, modified and supplemented from time to time. Membership is not an investment in the Club, the Club Facilities, the District or Hampton Golf, and does not give Applicant a vested or prescriptive right or easement to use the Club Facilities. Applicant acknowledges and irrevocably agrees that the Club has the right, in its sole discretion, to change the terms and conditions of the Club Documents from time to time, and that Applicant will be subject to and bound by such amended terms. Furthermore, Applicant does not acquire any equity or ownership interest in the Club or the Club Facilities, nor any limited liability company membership or any other equitable, beneficial or other ownership or managerial interest in the District or Hampton Golf. Each membership is a non- equity membership and does not entitle Applicant the right to vote on any Club-related matters or participate in the operation and management of the Club. Applicant only acquires a revocable license to use the Club Facilities in accordance with the terms and conditions of the Club Documents. The District may transfer all or a portion of its rights and obligations, including without limitation, its rights and obligations related to memberships, with respect to the Club to an affiliate or any third-party. MEMBERSHIPS AT THE CLUB ARE BEING OFFERED EXCLUSIVELY FOR THE PURPOSE OF PERMITTING MEMBERS TO OBTAIN RECREATIONAL USE OF THE CLUB FACILITIES. MEMBERSHIPS SHOULD NOT BE VIEWED OR ACQUIRED AS AN INVESTMENT AND APPLICANT SHOULD NOT EXPECT TO DERIVE ANY ECONOMIC PROFITS FROM MEMBERSHIP AT THE CLUB.

Club Facilities. The Club Facilities shall remain the property of the District at all times, subject only to the provisions of the Club Documents. The District has the right to unilaterally, and without the consent of any party whatsoever, add to, alter, modify, amend, expand, and reduce the Club Facilities at any time, including additional golf facilities. The Club may, in its sole discretion, allow Members to use such additional Club Facilities, and charge additional dues and fees for Members or certain categories of membership, or give Members the option to use the Club Facilities upon terms and conditions to be determined by the Club, in its sole discretion. Membership does not create any presumption that the Club Facilities or services that are now or hereafter available will continue to be available in their current state or condition. Use of the Club Facilities may be restricted or reserved from time to time as determined by the Club, and the Club may extend privileges of the Club and the right to use the Club Facilities to such other persons and upon such terms as the Club may from time to time prescribe. The Club reserves the right, in its sole discretion, to refuse use of the Club Facilities by any person at any time. The Club reserves the right to temporarily cease all or a portion of the Club’s operation and the Club Facilities from time to time for maintenance, repair, capital improvements, special events, or for any other reason determined by the Club, in its sole discretion. NOTWITHSTANDING ANY TEMPORARY CLOSURE, APPLICANT ACKNOWLEDGES AND IRREVOCABLY AGREES THAT APPLICANT SHALL BE REQUIRED TO PAY FULL MEMBERSHIP DUES WITHOUT ANY ADJUSTMENT DURING THE TIME OF SUCH CLOSURE OF THE CLUB FACILITIES.

Resignation; Inactive Status. In the event a New Member desires to resign from membership at the Club during the first twelve (12) months of a new membership the Member will not be entitled to a refund of any Club Charges paid to the Club and will remain liable to the Club for any Membership Dues owed for the remainder of the Membership Year. A “New Member” is herein defined as a person or entity who has been a Member of the Club for less than twelve (12) consecutive months. All other Members, i.e. Members with over twelve (12) consecutive months of membership at the Club, may resign their membership at any time and for any reason after submitting sixty (60) days’ prior written notice to Hampton Golf of their intention to resign their membership. For the avoidance of doubt, any Member who resigns his or her membership then rejoins the Club at a later time shall be considered a New Member and is required to: (i) execute and submit another Membership Agreement, pending Club approval; and (ii) submit payment of the then-applicable Initiation Fee (if any). Members cannot waive or otherwise escape liability for Club Charges, or any other dues, fees and charges provided for in the Club Documents, by non- use of, abandonment of the right to use, or the waiver of the right to use the Club Facilities. Notwithstanding the foregoing, any Member may request that his or her membership at the Club be made inactive for a health-related or life changing event. The Club requires a letter from a physician stating that the Member cannot use the Club Facilities due to health-related reasons, and then, at the Club’s sole discretion, the Member may become inactive for a period of time specified by the physician. The Member shall present his or her “life changing event” to the Club and the Club may, in the Club’s sole discretion, render the Member’s membership inactive for a period of time or terminate the membership. The granting of inactive status shall be upon the terms and conditions established by the Club from time to time. If the request for inactive status is approved by the Club, the inactive Member: (i) will not have any golf-related privileges during the inactive status period; and (ii) will not be responsible for the Membership Dues associated with said Member’s category of membership that would otherwise be due during the inactive status period. If an inactive Member’s category of membership includes family privileges, then such Member’s immediate family members will not have golf-related privileges during the inactive status period unless otherwise approved by the Club. An inactive Member may reactivate their membership at any time by providing written notice to the Club and paying prorated Membership Dues for the remainder of the Membership Year.

7.1     Military Inactive Status. Notwithstanding the terms and conditions of Section 7, if a Military Member is ordered to deploy to a location fifty (50) miles or more away from their residence for more than one (1) month, the Military Member may request Military Inactive Status (as hereinafter defined). The Club requires written evidence of the Military Member’s deployment, and then, at the Club’s sole discretion, the Military Member may become inactive for a period equivalent to the time he/she is deployed (“Military Inactive Status”). The granting of Military Inactive Status shall be upon the terms and conditions established by the Club from time to time. If the request for Military Inactive Status is approved by the Club, the Military Member: (i) will not have any golf-related privileges during the Military Inactive Status period; and (ii) will not be responsible for the Membership Dues associated with his/her Active Military Membership that would otherwise be due during the Military Inactive Status period. If the Military Member’s membership includes family privileges, then the Military Member’s immediate family will not have golf-related privileges during the Military Inactive Status period unless otherwise approved by the Club. The Military Member may reactivate his/her membership at any time by providing

written notice to the Club and paying prorated Membership Dues for the remainder of the Membership Year.

Assumption of Risk & Hold Harmless. In accordance with the Club Documents, Applicant acknowledges that the use of the Club Facilities and any privilege or service incident to membership at the Club is undertaken with knowledge of risk of possible harm, injury and/or death. Applicant hereby accepts any and all risk of harm, injury and/or death to Applicant and Applicant’s family members and guests sustained while using the Club Facilities or involved in any event or activity incident to membership at the Club. In accepting the risk of injury and/or death, Applicant understands that Applicant is relieving the Released Parties from any losses, costs, claims, injuries, damages, and liability sustained or incurred by Applicant and/or Applicant’s family members and guests resulting out of any conduct or event connected with membership at the Club and use of any of the Club Facilities.

By execution and submission of this Agreement, Applicant acknowledges receipt of the Club Documents and that Applicant has read and understands them, and agrees to be bound by the terms and conditions thereof, as may be amended by Club Owner from time to time. This Agreement, including all other Club Documents, contain the entire agreement between the parties with respect to the membership at the Club and all other representations, negotiations and agreements, written or oral, are superseded and are of no force or effect. Furthermore, Applicant hereby acknowledges that Applicant has read this Agreement in its entirety and understands the above terms and agrees to abide by such terms. Applicant is not relying on any oral representations in applying for the membership at the Club. Each reference in this Agreement to “Applicant” shall be deemed to refer to both Applicant and Applicant’s spouse or Significant Other.

[Remainder of Page Intentionally Left Blank; Signature Page Follows]

Applicant’s Signature: 	Date:   	

Spouse or Significant Other Signature: 	Date:  	

MEMBERSHIP AT THE CLUB IS CONTINGENT UPON APPROVAL BY THE CLUB, WHICH APPROVAL SHALL BE IN THE CLUB’S SOLE DISCRETION, AND THIS AGREEMENT SHALL NOT BE BINDING ON THE CLUB UNTIL THE APPROVAL BELOW IS SIGNED.

Accepted and Approved By:

EAGLE HARBOR GOLF CLUB

By:	Hampton Golf, Inc., a Florida corporation

Its:	Authorized Representative

By:	 	

Print:    	

Title:    	

Date:    	

 	

GOLF CLUB MEMBERSHIP PLAN
(Amended & Restated July 9, 2021)

This Membership Plan (this “Membership Plan”) describes the membership opportunities at Eagle Harbor Golf Club (the “Club”) for all persons who apply for a membership at the Club and pursuant to which Members (defined in Section 2.2 below), their family members and guests, and guests of the Club will be permitted to use the Club Facilities (defined in Section 3 below). The Club is located in Fleming Island, Florida, and features exceptional golf and dining facilities. This Membership Plan, including the Club Documents (as defined below), set forth the rights and privileges of membership and for use of the Club Facilities. This Membership Plan supersedes and replaces, in its entirety, all other membership plans and offerings at the Club.

Ownership, Operation & Management of the Club. The Crossings at Fleming Island Community Development District (the “District”), owns and operates the Club Facilities. The District has engaged a professional management company to operate the Club Facilities on its behalf. The Club is currently managed by Hampton Golf, Inc. (“Hampton Golf”). References in this Membership Plan to the “Club” in regards to decision making or the exercise of discretion shall be deemed to refer to Club Owner and Hampton Golf, and Club Owner and Hampton Golf are hereafter sometimes referred to as the “Club.” The Club shall be operated in accordance with, and all Members shall be subject to this Membership Plan, and all rules and regulations promulgated by the Club from time to time (“Rules and Regulations”), each Member’s Membership Application and Agreement, including that certain Golf Plus Membership Application and Agreement (as applicable) (“Membership Agreement”), and all other governing documents of the Club, each as may be amended by the Club from time to time, in the Club’s sole discretion (collectively, the “Club Documents”). In the event of a conflict between the terms of this Membership Plan, the Rules and Regulations, and the Membership Agreement, with other printed materials, oral representations or any other information, this Membership Plan, the Rules and Regulations and the Membership Agreement shall govern, in that order. The Club may waive the application of any of the Club Documents in the Club’s sole discretion, and the Club’s wavier may be revoked at any time upon notice to affected persons.

Application & Admission to Membership.

Procedure. All applicants who desire to acquire a membership at the Club must deliver to the Club a fully completed and signed Membership Agreement, together with any required dues, fees, taxes, and any other amounts then due. Every applicant who desires to obtain a membership at the Club should carefully review this Membership Plan and all other Club Documents, and should seek professional advice to evaluate said documents.

Review of Membership Agreement. All applicants desiring a membership must be approved by the Club, in the Club’s sole discretion. The Club may require an interview with the applicant prior to making a decision on the membership. After receiving the Membership Agreement from an applicant, the Club will determine whether the applicant has satisfied the relevant conditions of membership. In the event the Membership Agreement is not approved, the applicant will receive a refund of all amounts (if any) previously paid in connection with the Membership Agreement, without interest. For purposes of this Agreement, “Member(s)” shall mean any person(s) or entity whose Membership Agreement was approved by the Club and that is entitled to use the Club Facilities pursuant to the Club Documents.

Rights Governed by this Membership Plan. As a condition of membership at the Club, Members agree to be bound by the terms and conditions of this Membership Plan and all other Club Documents, each as amended from time to time, and irrevocably agree to fully substitute the membership privileges acquired pursuant to this Membership Plan and other Club Documents for any present or prior rights in or to use the Club Facilities. NO PERSON HAS BEEN AUTHORIZED TO GIVE ANY INFORMATION OR MAKE ANY REPRESENTATIONS NOT CONTAINED IN THIS MEMBERSHIP PLAN AND OTHER CLUB DOCUMENTS, AND IF GIVEN OR MADE, SUCH INFORMATION OR REPRESENTATION MUST NOT BE RELIED UPON AS HAVING BEEN AUTHORIZED BY THE CLUB.

Acknowledgement of Membership Rights. Membership at the Club permits Members to use the Club Facilities in accordance with this Membership Plan and other Club Documents so designated by the District and Hampton Golf from time to time, each as may be amended, modified and supplemented from time to time. Membership is not an investment in the Club, the Club Facilities, the District, or Hampton Golf, and does not give Members a vested or prescriptive right or easement to use the Club Facilities. Each Member acknowledges and irrevocably agrees that the Club has the right, in its sole discretion, to change the terms and conditions of this Membership Plan and other Club Documents from time to time, and that all Members will be subject to and bound by such amended terms. Furthermore, a Member does not acquire any equity or ownership interest in the Club or the Club Facilities, nor any limited liability company membership or any other equitable, beneficial or other ownership or managerial interest in the District or Hampton Golf. Each membership is a non-equity membership and does not entitle any Member the right to vote on any Club-related matters or participate in the operation and management of the Club. A Member only acquires a revocable license to use the Club Facilities in accordance with the terms and conditions of the Club Documents. The District may transfer all or a portion of its rights and obligations, including without limitation, its rights and obligations related to memberships, with respect to the Club to an affiliate or any third-party. MEMBERSHIPS AT THE CLUB ARE BEING OFFERED EXCLUSIVELY FOR THE PURPOSE OF PERMITTING MEMBERS TO OBTAIN RECREATIONAL USE OF THE CLUB FACILITIES. MEMBERSHIPS SHOULD NOT BE VIEWED OR ACQUIRED AS AN INVESTMENT AND NO PERSON OR ENTITY PURCHASING A MEMBERSHIP SHOULD EXPECT TO DERIVE ANY ECONOMIC PROFITS FROM MEMBERSHIP AT THE CLUB.

Nontransferable; No Pledge of Memberships. Except as set forth in this Membership Plan, memberships are not transferable. A Member shall not pledge or hypothecate their membership except as approved, in writing, by the Club, in its sole discretion. No Member shall publicly advertise a membership for sale or permit such advertisement. Any attempted transfer of a membership by a Member outside of the procedures set forth in this Membership Plan and the other Club Documents, whether by sale, gift, testamentary disposition, or otherwise, shall be of no force or effect, and shall confer no membership privileges or rights to use the Club Facilities upon the transferee.

Club Facilities. The “Club Facilities” which will be available to Members, their immediate family members and guests, and guests of the Club, include the following:

An 18-hole championship golf course (“Golf Course”);
A driving range, practice putting greens and other practice facilities (collectively, “Practice Facilities”);
A clubhouse (“Clubhouse”);
A golf pro shop facility (“Golf Shop”); and
The Talon’s Restaurant (“Talons”).

The Club Facilities shall remain the property of the District at all times, subject only to the provisions hereof. The District has the right to unilaterally, and without the consent of any party whatsoever, add to, alter, modify, amend, expand, and reduce the Club Facilities at any time, including additional golf facilities. The Club may, in its sole discretion, allow Members to use such additional Club Facilities, and charge additional dues and fees for Members or certain categories of membership, or give Members the option to use the Club Facilities upon terms and conditions to be determined by the Club, in its sole discretion. Membership does not create any presumption that the Club Facilities or services that are now or hereafter available will continue to be available in their current state or condition. Use of the Club Facilities may be restricted or reserved from time to time as determined by the Club, and the Club may extend privileges of the Club and the right to use the Club Facilities to such other persons and upon such terms as the Club may from time to time prescribe. The Club reserves the right, in its sole discretion, to refuse use of the Club Facilities by any person at any time. The Club reserves the right to temporarily cease all or a portion of the Club’s operation and/or the Club Facilities from time to time for maintenance, repair, capital improvements, special events, or for any other reason determined by the Club, in its sole discretion. Notwithstanding any temporary closure, each Member shall be required to pay full Membership Dues (defined in Section 6.2 below) without any adjustment during the time of such closure of the Club Facilities.

Membership Categories & Privileges. The Club currently offers the following categories of membership: Golden Eagle; Active Military; Executive; and Junior. The specific membership privileges currently associated with each category of membership at the Club are as follows:

Golden Eagle Membership. A person who acquires a Golden Eagle Membership at the Club (“Golden Eagle Member”) will be entitled to use all of the Club Facilities, including the back-tee deck of the Club’s driving range reserved for Members only; provided, however, such use is subject at all times to the discretion of the Golf Shop staff. Golden Eagle Members will not be required to pay any greens fees for use of the Golf Course, but will be required to pay cart fees and other associated use fees as set by the Club from time to time. Golden Eagle Members are entitled to a fourteen (14) day advance signup privilege to reserve tee times and receive unlimited range balls. Additionally, Golden Eagle Members receive: (i) a complimentary GHIN membership; (ii) special rates for guests; (iii) discounts on merchandise; (iv) discounts on food & beverage purchases at Talons; (v) access to Club functions and events; and (vi) a waived room rental fee for private events at Talons.

Active Military Membership. An Active Military Membership is available to anyone actively serving in the United States military (“Military Member”). Proof of active military service is required. Military Members will be entitled to use all of the Club Facilities and to the same membership privileges as Golden Eagle Members.

Executive Membership. An Executive Membership is available to those persons thirty-nine (39) years old or younger (“Executive Member”). Executive Members will be entitled to use all of the Club Facilities and to the same membership privileges as Golden Eagle Members. Executive Members must upgrade to a Golden Eagle Membership as of the date of their fortieth (40th) birthday or the Executive Membership shall automatically terminate as of such date. If an Executive Member has a spouse or Significant Other (defined in Section 5.1 below) on their Executive Membership, then the Executive Membership must be upgraded to a Golden Eagle Membership as of the date of the youngest Executive Member’s fortieth (40th) birthday or the Executive Membership shall automatically terminate as of such date.

Junior Membership. A Junior Golf Membership is available to those persons fifteen
(15) years old or younger (“Junior Member”). Junior Members will be entitled to use all of the Club Facilities, including the back-tee deck of the Club’s driving range reserved for Members only; provided, however, such use is subject at all times to the discretion of the Golf Shop staff. Junior Members will not be required to pay any greens fees for use of the Golf Course, but will be required to pay cart fees when riding in a cart with an adult and other associated use fees as set by the Club from time to time. Junior Members are entitled to a seven (7) day advance signup privilege to reserve tee times and receive unlimited range balls. Additionally, Junior Members receive a complimentary GHIN membership and special rates for guests.

References in this Membership Plan to “Member(s)” shall be deemed to refer to Golden Eagle Members, Military Members, Executive Members, and Junior Members. In order to match the changing needs and desires of the Club, the Club reserves the right, in its sole discretion, to modify, change or eliminate the existing categories of membership and/or any membership privileges associated therewith, add membership categories, and modify advance sign-up privileges, the right to use the Club Facilities, and family and guest privileges. The Club may, in its sole discretion, repurchase any and all memberships under any circumstances which the Club determines appropriate for the amount paid by the Member; provided, however, this provision shall not limit the Club’s rights as set forth in this Membership Plan.

Reciprocal Privileges. The Club may, in its sole discretion, enter into agreements for reciprocal use privileges and other arrangements with other clubs and resorts, as the Club determines appropriate from time to time. The Club reserves the right to eliminate reciprocal play at any time and for any reason in its sole discretion.

Promotional Use & Tournament or Group Play. The Club reserves the right, in its sole discretion, to restrict or to otherwise reserve in advance the Club Facilities for maintenance, tournament or group play, outings, and other special events from time to time. The Club will also have the right to permit prospective members to use the Club Facilities on such terms and conditions as may be determined from time to time by the Club. In order to introduce the Club to prospective members, the Club may, in its sole discretion, offer memberships on an annual, seasonal or other basis to said persons who will be entitled to use the Club Facilities on such terms and conditions as determined by the Club from time to time. Any such memberships may be recalled as determined by the Club. The granting of such rights shall not invalidate this Membership Plan, reduce or abate any Member’s obligations to pay Club Charges pursuant to this

Membership Plan, or give any Member the right to avoid any of the provisions of this Membership Plan. The Club shall establish the fees to be paid by any person using the Club Facilities.

Resignation; Inactive Status. In the event a New Member desires to resign from membership at the Club during the first twelve (12) months of a new membership the Member will not be entitled to a refund of any Club Charges paid to the Club and will remain liable to the Club for any Membership Dues owed for the remainder of the Membership Year. A “New Member” is herein defined as a person or entity who has been a Member of the Club for less than twelve (12) consecutive months. All other Members, i.e. Members with over twelve (12) consecutive months of membership at the Club, may resign their membership at any time and for any reason after submitting sixty (60) days’ prior written notice to Hampton Golf of their intention to resign their membership. For the avoidance of doubt, any Member who resigns his or her membership then rejoins the Club at a later time shall be considered a New Member and is required to: (i) execute and submit another Membership Agreement, pending Club approval; and (ii) submit payment of the then-applicable Initiation Fee (if any).

Members cannot waive or otherwise escape liability for Club Charges, or any other dues, fees and charges provided for in the Club Documents, by non-use of, abandonment of the right to use, or the waiver of the right to use the Club Facilities. Notwithstanding the foregoing, any Member may request that his or her membership at the Club be made inactive for a health-related or life changing event. The Club requires a letter from a physician stating that the Member cannot use the Club Facilities due to health-related reasons, and then, at the Club’s sole discretion, the Member may become inactive for a period of time specified by the physician. The Member shall present his or her “life changing event” to the Club and the Club may, in the Club’s sole discretion, render the Member’s membership inactive for a period of time or terminate the membership. The granting of inactive status shall be upon the terms and conditions established by the Club from time to time. If the request for inactive status is approved by the Club, the inactive Member: (i) will not have any golf-related privileges during the inactive status period; and (ii) will not be responsible for the Membership Dues associated with said Member’s category of membership that would otherwise be due during the inactive status period. If an inactive Member’s category of membership includes family privileges, then such Member’s immediate family members will not have golf-related privileges during the inactive status period unless otherwise approved by the Club. An inactive Member may reactivate their membership at any time by providing written notice to the Club and paying prorated Membership Dues for the remainder of the Membership Year.

Military Inactive Status. Notwithstanding the terms and conditions of Section 4.7, if a Military Member is ordered to deploy to a location fifty (50) miles or more away from their residence for more than one (1) month, the Military Member may request Military Inactive Status (as hereinafter defined). The Club requires written evidence of the Military Member’s ordered deployment, and then, at the Club’s sole discretion, the Military Member may become inactive for a period equivalent to the time he/she is deployed (“Military Inactive Status”). The granting of Military Inactive Status shall be upon the terms and conditions established by the Club from time to time. If the request for Military Inactive Status is approved by the Club, the inactive Military Member: (i) will not have any golf-related privileges during the Military Inactive Status period; and (ii) will not be responsible for the Membership Dues associated with his/her membership that would otherwise be due during the Military Inactive Status period. If an inactive Military

Member’s membership includes family privileges, then such Military Member’s immediate family members will not have golf-related privileges during the Military Inactive Status period unless otherwise approved by the Club. An inactive Military Member may reactivate his/her membership at any time by providing written notice to the Club and paying prorated Membership Dues for the remainder of the Membership Year.

Privately-Owned Golf Carts. Members may use their privately-owned golf cart on the Golf Course pursuant to policies set by the Club from time to time. As a condition to private golf cart use on the Golf Course, each Member must pay an annual trail fee and enter into a Private Golf Cart Agreement with the Club; provided that the Club reserves the right to not approve or enter into said agreement with any Member in the Club’s sole discretion.

Family & Guest Privileges.

Family Privileges. If a Member elects to pay family Membership Dues pursuant to their Membership Agreement, then said Member's immediate family will be entitled to use the Club Facilities in accordance with said Member's category of membership and the Club Documents. Such Member's immediate family includes the Member's spouse or Significant Other and their unmarried children, under the age of twenty-three (23), who serve in the United States military, are living at the Member’s home, or attending school on a full-time basis. A “Significant Other” is an individual who permanently resides as a domestic partner with an unmarried Member and who has been designated by the Member as such in the Club’s records. Such a designation may be permitted, in the Club’s sole discretion, upon approval of the Membership Agreement and payment of any applicable fees. A Significant Other designation may be changed only once during any Membership Year. For the avoidance of doubt, Junior Members do not have family privileges associated with their Junior Golf Membership.

Guest Privileges. Members will be entitled to have guests use the Club Facilities in accordance with the Member's category of membership and the Club Documents. All guest privileges are subject to payment of all applicable guest fees. The Club may limit the number of guests and the number of times a particular guest may use the Club Facilities during each Membership Year in the Club’s sole discretion. Members are responsible for the payment of all charges incurred but not paid by their guests in accordance with the customary billing and collection procedures of the Club, including any applicable daily or per use guest fees established by the Club from time to time. Members will also be responsible for the actions and conduct of their guests. The Club may, in its sole discretion, deny access to any guest who fails to abide by the Club Documents. The Club may require that guests be accompanied by the sponsoring Member. Guest privileges may be restricted, limited, denied, withdrawn, or revoked at any time for any reason by the Club, in the Club’s sole discretion. The Club reserves the right, in its sole discretion, to modify guest privileges and establish guest fees and charges as it deems appropriate, from time to time. Members’ guest privileges are further detailed in the Rules and Regulations.

Membership Dues, Fees & Charges.

Club Charges. In consideration of the membership at the Club, each Member, by acceptance of Member’s membership at the Club, shall be deemed to have specifically covenanted

and agreed to pay all Club Charges. “Club Charges” shall mean all dues, fees and charges related to the Club to be paid by Members pursuant to the provisions of this Membership Plan and other Club Documents, including without limitation, the Membership Dues and other charges and fees associated with a membership at the Club and/or use of the Club Facilities. The Club will determine, in its sole discretion, the amount of Club Charges to be payable by Members and others each Membership Year. “Membership Year” shall mean the twelve-month period commencing October 1 and ending September 31 (including any Renewal Terms, as defined therein), unless otherwise established by the Club from time to time. Club Charges shall be deemed delinquent from the date first billed, if the Member’s payment is not received by the Club on or before the fifteenth (15th) day of the applicable month following said Member’s receipt of the monthly statement. Past due bills will accrue a five percent (5%) service charge per month from the date of the monthly statement until paid in full. The amount of Club Charges is subject to change from time to time by the Club and is subject to sales tax. The payment of Club Charges will not be abated for any reason unless approved, in writing, by the Club. The obligation to pay Club Charges is not dependent on the availability of all Club Facilities or the frequency of use. Repair, rebuilding and maintenance of the Club Facilities or other occurrences may make it necessary for the Club to change hours of use or restrict the use of the Club Facilities or to close the Club Facilities temporarily. The Club will not be required to reduce or suspend Club Charges during the time when the Club Facilities, in whole or in part, are not available. Each Member shall be legally and financially responsible for the acts and omissions, including damage to the Club Facilities, of such Member, as well as those of such Member’s immediate family members and guests. Furthermore, each Member shall be financially responsible to pay for any charges or other indebtedness incurred by their immediate family members and guests.

Membership Dues. Each Member shall pay annual membership dues (“Membership Dues”) as a condition of membership at the Club and the Membership Dues shall be payable on a monthly basis. Even though Membership Dues are being collected on a monthly basis, the Club may require a Member or all Members to pay Membership Dues on an annual or other basis, in advance, based on prior payment history or other financial concerns, in the Club’s sole discretion. The Club may provide some Members waivers or deferrals of Membership Dues and other Club Charges in the Club’s sole discretion.

Initiation Fee. Each New Member must also pay a membership initiation fee (“Initiation Fee”) to the Club in the amount in effect at the time said New Member acquires the membership, plus applicable tax. In the Club’s sole discretion, the Club will determine the amount of the required Initiation Fee for each membership category from time to time, and may waive the Initiation Fee. The Club may also create and implement certain incentive-based membership offerings, which may waive or reduce the Initiation Fee for prospective members. Initiation Fees are not transferable and nonrefundable, except as specifically provided in this Membership Plan.

Credit Card. The Club requires Members to furnish the Club with a valid commercial credit or debit card number or bank information for ACH transactions, and written authorization of its use by the Club for charging Membership Dues in advance and other Club Charges incurred by the Member. The Club shall charge such card or bank account (as applicable) on the fifteenth (15th) day of each month for all Club Charges incurred by a Member during the month prior, unless the Club receives payment by check from the Member before such date. If a

Member desires to pay for their monthly Club Charges by check and the Club does not receive the Member’s check by the fifteenth (15th) day of any month, said Member’s credit/debit card or bank account that is on file with the Club will be charged for the amount then-due as outlined herein. Such procedure shall not relieve the Member of the obligation to pay all amounts when due to avoid delinquencies and late charges. The Club requires Members to provide the Club with credit or debit card renewal information annually or at least sixty (60) days prior to the expiration of the credit or debit card furnished.

Reimbursement Charges. In the event that any Member, immediate family member or guest of such Member fails to comply with any Club policies or the Club Documents, and such failure to comply results in the expenditure of funds by the Club for any purpose, the Club may charge such Member for all costs incurred as a result of such failure to comply. Such charges shall be limited to the amount so expended plus interest thereon at five percent (5%) per month from the date expended by the Club until paid and shall be paid to the Club immediately upon written notification by the Club of such charge. Any such reimbursement charge not paid prior to mailing the next monthly membership statement will be added to such statement. In addition to the foregoing, at any time and from time to time, the Club has the right to set off any and all amounts due and owing a Member by the Club against any and all amounts due and owing the Club by such Member or the Member’s permitted successors or assigns, immediate family members or guests.

Taxes. The District and Hampton Golf make no representations and express no opinions regarding the federal, state or local income tax consequences of acquiring a membership at the Club or with respect to any Club Charges or other fees paid to the Club. All persons acquire their respective membership subject to all applicable tax laws, as the same may be amended from time to time. Accordingly, Members should consult with their own tax advisors with respect to the tax consequences of any membership. Each Member shall pay all applicable sales, use and similar taxes now or hereafter imposed on the Club Charges and any other dues, fees or charges incurred by the Member.

Individual Use Fees. To the extent the Club makes available use of any room or facility within the Club Facilities, or provides access to any personal services offered at the Club such as massages, spa services, golf lessons, food and beverage, and similar services not otherwise included in membership at the Club, such rights shall be subject to availability and payment of any applicable use or service charges or fees established by the Club from time to time, in the Club’s sole discretion (“Individual Use Fees”). Individual Use Fees shall be payable at such time or time(s) as determined by the Club and are subject to applicable taxes.

Collection Procedure. Each amount owing to the Club shall be a separate, distinct, and personal debt and obligation of the Member charged. Furthermore, each Member and their spouse or Significant Other shall remain jointly and severally liable for all Club Charges owed hereunder. The membership account of each Member shall be due and payable upon receipt of the monthly membership statement. In the event of a default in the payment of any such amounts, the Club shall be entitled to enforce each such obligation by means of bringing an action at law to collect the sums due or by such other means provided herein or as deemed appropriate by the Club. All costs incurred by the Club in collecting amounts due hereunder from a Member, including without limitation, court costs, attorneys’ fees and collection agency fees, shall be the personal

obligation of the delinquent Member and may be charged to the Member as a reimbursement charge pursuant to Section 6.5. Faithful payment of the sums due, and performance of the other obligations hereunder, at the times stated, shall be of essence.

Termination or Suspension of Membership. The Club reserves the right to restrict, suspend, terminate, recall or take any other disciplinary measure as to any membership with or without cause as determined by the Club in its sole discretion. Terminations and suspensions for cause may include, but not limited to, failure to pay Club Charges, behavior of a Member that is discourteous or rude to another Member, a Member’s family members or guests, or to employees, agents or management, behavior that constitutes a violation of applicable law, or any other activities or behavior whether on or off the Club’s property that the Club determines, in its sole discretion, to be inconsistent with the level of conduct expected by the Club and its Members. If a membership is terminated for cause by the Club as determined by the Club, in its sole discretion, then: (i) the membership will be deemed terminated immediately; (ii) such Member shall not receive a refund of any pre-paid Membership Dues or any other amounts paid to the Club hereunder; and (iii) such Member shall remain liable for any Membership Dues owed to the Club for the remainder of the Membership Year. If a membership is terminated without cause or recalled by the Club, as determined by the Club in its sole discretion, such Member’s unused pre-paid Membership Dues (if any) will be refunded on a pro-rata basis based on the month in which the membership is terminated or recalled (as applicable), less any outstanding amounts due to the Club. The Club may, in its sole discretion, grant a hearing to a Member to review the Club’s intended termination or suspension of a membership, or other disciplinary measure, but shall not be obligated to do so.

Types of Suspension. In furtherance of the foregoing, the Club may restrict or suspend, for cause or causes described in the preceding section, any Member’s privileges to use any or all of the Club Facilities in accordance with Section 7 (including all subsections). In addition, the Club may suspend some membership privileges while allowing a Member to continue to exercise other membership privileges. No Member whose membership privileges have been fully or partially suspended shall, on account of any such restriction or suspension, be entitled to any refund or abatement of Club Charges or any other fees. During the restriction or suspension period, the Member shall not be permitted to use the Club Facilities in any manner whatsoever and Club Charges shall continue to accrue and be payable each month in accordance with this Membership Plan. Under no circumstances will a suspended Member’s membership privileges be reinstated until all Club Charges and other amounts due to the Club are paid in full. Furthermore, any Member that is terminated or suspended by the Club shall not use the Club Facilities as a guest of another Member.

Costs & Expenses. In addition, if the Club incurs any costs and expenses in enforcing the provisions of this Membership Plan or other Club Documents against a Member and/or the Member’s immediate family members or guests after the Club’s initial notice (the “Initial Notice”) setting forth the violation or non-compliance and the expiration of any cure period stated in the Initial Notice, then the Member shall reimburse the Club for all costs and expenses incurred by the Club after the Initial Notice within ten (10) days of the Club’s statement setting forth such costs and expenses. The foregoing includes all costs and expenses incurred by the Club after the Initial Notice that are reasonably necessary to obtain compliance by the offending Member and/or the Member’s offending immediate family members or guests, including

without limitation, fees and costs charged by attorneys for additional demands for compliance. If at any time the Club must enforce any provision hereof, the Club shall be entitled to recover all of its reasonable costs and attorneys and paraprofessional fees at all court levels, including without limitation, appeals, collections and bankruptcy. Costs and expenses related to this subsection shall be treated as a Club Charge subject to the provisions for the collection of Club Charges as set forth in this Membership Plan.

Failure to Pay Club Charges. Notwithstanding the foregoing, the Club may suspend any Member, and such Member’s immediate family members and guests, from use of any or all of the Club Facilities for such Member’s failure to pay any Club Charges. The Club may so notify the Member with the statement of account mailed to the Member or sent under separate cover concurrent with the Club’s exercise of such suspension. In addition, the Club may impose late fees and interest for any amounts past due more than ten (10) days, which late fees and interest may be established by the Club from time to time. The Club may use a third-party collection company to recover any delinquent balances associated with a membership.

Reinstatement. Any Member who has had membership privileges terminated or suspended, for any reason, shall only be eligible for reinstatement of his or her membership or permitted to use the Club Facilities in the sole discretion of the Club and upon payment by said Member of all applicable fees associated with said Member’s reinstatement (collectively, “Reinstatement Fee”) to the Club.

Transfer of Membership upon Death of Member. Upon the death of a Member, the membership will be transferred, upon request, to the Member’s surviving spouse or Significant Other without the payment of an additional fee. If there is no surviving spouse or Significant Other, or the surviving spouse or Significant Other does not desire to assume the applicable membership, the membership will be deemed to have been terminated. Upon termination of the membership under this Section 7.5, unused Membership Dues will be refunded on a pro-rata basis based on the month in which the membership is terminated, less any outstanding amounts due to the Club. In the event of a Member's death, the heirs, successors, assigns, and estate of the Member shall be liable, to the extent permitted by law, for any Membership Dues accrued (if any) and Club Charges incurred (if any) by the Member until the date of the Member’s death.

Legal Separation of Divorce. In the event of a divorce or separation, the membership, including all of its rights and benefits, will vest in the person awarded the membership by an agreement of separation or a divorce decree; provided that the person applies and is approved for membership by the Club. Until the award of the membership and written notice thereof is provided to the Club, both the Member and the Member’s former spouse will continue to be jointly and severally liable for all Club Charges and both may continue to enjoy membership privileges so long as such amounts are timely paid. The Club reserves the right, in its sole discretion, to not transfer the membership to either person if the Club is unable to determine the person who is lawfully entitled to receive the membership. In the case of divorce, if the Club has been unable to determine which person is legally entitled to the membership within six (6) months after the date of the divorce decree, the membership shall automatically be deemed terminated for cause.

Personal Property. Each Member and each person using the Club Facilities and the equipment and amenities of the Club is required to take precautions against theft and not to encourage theft by failing to properly secure all articles of personal property. In consideration of the privileges herein described, each Member and each person using the Club Facilities and the equipment and amenities of the Club assumes all risk of loss and agrees that the District and Hampton Golf, and each of their respective representatives, agents, employees, successors, and assigns, are not responsible or liable for articles damaged, lost or stolen in or about the Club’s premises or the Club Facilities, or left in lockers, or for loss or damage to any property, including without limitation, automobiles and the contents thereof. Any storage facilities or lockers provided at the Club are offered as a convenience to Members and others, and the District and Hampton Golf, and each of their respective representatives, agents, employees, successors, and assigns, do not represent or warrant that the lockers or storage facilities are safe and secure, nor do they guarantee that any items placed therein are or will be secure.

Activities. Any Member, immediate family member, guest or other person, who, in any manner, makes use of, or accepts the use of, any apparatus, appliance, facility, privilege, or service whatsoever owned, leased or operated by the Club, or who engages in any contest, game, function, exercise, competition, or other activity operated, organized, arranged, or sponsored by the Club, either on or off the Club’s property, shall do so at their own risk. Each Member shall be liable for any property damage and/or personal injury at the Club, or at any activity or function, operated, organized, arranged, or sponsored by the Club, caused by the Member, or by their immediate family members or guests. Members shall not use the Club Facilities for any club, society, party, religious, political, charitable, fraternal, civic, fundraising, or other purposes without the prior written consent of the District, which consent may be withheld for any reason or no reason whatsoever.

Hold Harmless. In consideration of the membership privileges herein described, each Member and each person using the Club Facilities and the equipment and amenities of the Club through a Member’s membership, expressly agrees that: (i) all use of the Club Facilities and the equipment and amenities of the Club is undertaken at the sole risk of the user, and the District and Hampton Golf, and each of their respective officers, directors, shareholders/members (as applicable), representatives, agents, employees, successors, and assigns, and any owner of all or any portion of the Club Facilities, and their affiliates and subsidiaries (collectively, “Released Parties”), shall not be liable for any injuries or damages to any Member or other persons; and (ii) the Released Parties shall not be subject to and are hereby released and forever discharged from any claims or demands whatsoever. Furthermore, each Member, for itself/himself/herself, and its/his/her immediate family members and guests, agrees to hold the Released Parties harmless against all actions, injuries, claims, losses, liability, damages, costs, and expenses (including attorneys’ fees and court costs at trial and all appellate levels) of any kind or nature whatsoever (collectively, “Losses”) incurred by or asserted against any of the Released Parties, whether direct, indirect or consequential, as a result of or in any way related to such Member’s membership, including without limitation, use of the Club Facilities by Members and/or their immediate family members and guests, or the interpretation of the Club Documents and/or from any act or omission of any of the Released Parties. Losses shall include the deductible payable under any of the Club’s insurance policies. Furthermore, should any Member bound by this Membership Plan bring suit against any of the Released Parties in connection with any event operated, organized, arranged, or

sponsored by the Club or on any other claim or matter in connection with membership at the Club or use of the Club Facilities, and fails to obtain judgment therein against any of the Released Parties, said Member shall be liable to the Released Parties for all costs and expenses incurred by them in the defense of such suit, including without limitation, court costs and attorneys’ fees and expenses through trial and all appellate proceedings.

Risk of Loss. Furthermore, the Released Parties shall not be liable for, and Members assume all risks that may occur by reason of, any condition or occurrence, including without limitation, damage to the Club on account of casualty, water or the bursting or leaking of any pipes or waste water about the Club, or from any act of negligence of any other person, or fire, hurricane or other act of God, or from any cause whatsoever.

No Waiver. Failure of the Club in one or more instances to insist upon strict performance or observance of one or more of the covenants or conditions hereof or to exercise any remedy, privilege or option herein conferred upon or reserved to the Club, shall not operate or be construed as a relinquishment or waiver of such covenant or condition or of the right to enforce the same or to exercise such privilege, option or remedy, but the same shall continue in full force and effect. Receipt by the Club of any payment required to be made by any Member, or any part thereof, shall not be a waiver of any other payment then due, nor shall such receipt, though with knowledge of the breach of any covenant or condition hereof, operate as, or be deemed to be a waiver of such breach. No waiver by the Club shall be effective unless made by the District in writing.

RELEASE. AS A MATERIAL INDUCEMENT FOR THE DISTRICT TO SUBJECT THE CLUB TO THIS MEMBERSHIP PLAN AND OTHER CLUB DOCUMENTS, EACH MEMBER DOES HEREBY RELEASE, WAIVE, DISCHARGE, COVENANT NOT TO SUE, ACQUIT, SATISFY, AND FOREVER DISCHARGE THE RELEASED PARTIES FROM ANY AND ALL LIABILITY, CLAIMS, COUNTERCLAIMS, DEFENSES, ACTIONS, CAUSES OF ACTION, SUITS, CONTROVERSIES, AGREEMENTS, PROMISES, AND DEMANDS WHATSOEVER, AT LAW OR IN EQUITY, WHICH A MEMBER MAY HAVE IN THE FUTURE, OR WHICH ANY PERSONAL REPRESENTATIVE, SUCCESSOR, HEIR, OR ASSIGN OF A MEMBER HEREAFTER CAN, SHALL OR MAY HAVE AGAINST THE RELEASED PARTIES, FOR, UPON OR BY ANY REASON OF ANY MATTER, CAUSE OR THING WHATSOEVER RESPECTING THIS MEMBERSHIP PLAN AND OTHER CLUB DOCUMENTS. THIS RELEASE AND WAIVER IS INTENDED TO BE AS BROAD AND INCLUSIVE AS PERMITTED BY THE LAWS OF THE STATE OF FLORIDA. FURTHERMORE, EACH MEMBER ACKNOWLEDGES AND AGREES THAT IF A MEMBER BRINGS LEGAL ACTION AGAINST ANY OF THE RELEASED PARTIES, SAID MEMBER’S MEMBERSHIP AT THE CLUB WILL BE DEEMED TERMINATED FOR CAUSE IMMEDIATELY UPON THE FILING OF SAID LEGAL ACTION; WHEREUPON, SAID MEMBER SHALL PAY TO THE CLUB ALL CLUB CHARGES INCURRED AS OF THE DATE OF SAID TERMINATION, INCLUDING, WITHOUT LIMITATION, SAID MEMBER’S OUTSTANDING MEMBERSHIP DUES, IF ANY.

WAIVER OF JURY TRIAL. EACH MEMBER AGREES THAT THIS MEMBERSHIP PLAN AND OTHER CLUB DOCUMENTS COMPRISES A SET OF VERY COMPLEX DOCUMENTS. ACCORDINGLY, EACH MEMBER AGREES THAT JUSTICE WILL BE

BEST SERVED IF ALL DISPUTES RESPECTING THIS MEMBERSHIP PLAN AND OTHER CLUB DOCUMENTS AND ALL OTHER DISPUTES RELATING TO THE USE OF THE CLUB FACILITIES ARE HEARD BY A JUDGE, AND NOT A JURY. ANY CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION, WITH RESPECT TO ANY ACTION, PROCEEDING, CLAIM, COUNTERCLAIM, OR CROSSCLAIM, WHETHER IN CONTRACT OR IN TORT (REGARDLESS IF THE TORT ACTION IS PRESENTLY RECOGNIZED OR NOT), BASED ON, ARISING OUT OF, IN CONNECTION WITH OR IN ANY WAY RELATED TO THIS MEMBERSHIP PLAN, OTHER CLUB DOCUMENTS OR TO THE USE OF THE CLUB FACILITIES, INCLUDING, ANY COURSE OF CONDUCT, COURSE OF DEALING, VERBAL OR WRITTEN STATEMENT, VALIDATION, PROTECTION, ENFORCEMENT ACTION OR OMISSION OF ANY PARTY, SHALL BE HEARD IN A COURT PROCEEDING BY A JUDGE, AND NOT A JURY.

Venue. Each Member acknowledges regardless of where such Member executed their respective Membership Agreement or resides, this Membership Plan legally and factually is governed by the laws of the State of Florida, without regard to any conflict of law provisions. Each Member and the Club agrees that the venue for resolution of any dispute shall lie exclusively in Duval County, Florida.

Amendment. The Club may amend this Membership Plan or adopt a new membership plan at any time with or without notice to Members.

Severability. Invalidation of any provision(s) of this Membership Plan by judgment or court order shall in no way affect any other provisions, and the remainder of this Membership Plan shall remain in full force and effect.

Notices. Each Member shall be responsible for filing with the Club, in writing, on a form provided by the Club, their primary e-mail address, or mailing address, but only if said Member does not possess the means to receive mail in electronic form, where the Member wishes all communications of the Club to be sent. Except where otherwise clearly specified herein, whenever any notice, statement, billing, or other communication is required or permitted to be delivered to a Member under this Membership Plan, it shall be delivered via e-mail, or if such delivery is unavailable, shall be delivered in writing and shall be sent by United States mail, postage prepaid, addressed to the Member’s last known address on file in the office of the Club. Any notice, statement, billing, or other communication so sent shall be deemed to have been delivered and received immediately if sent via email or on the third (3rd) business day following the date of its deposit in the United States mail. In the absence of an address on file at the Club, any Club mailing may, with the same effect described above, be addressed as the Club may reasonably determine to be the most likely to cause its prompt delivery. The Club must be notified in writing of any change of e-mail or mailing address. Failure to do so shall constitute a waiver of the right to receive Club communications, and is deemed a violation of this Membership Plan.

 	

GOLF CLUB
RULES AND REGULATIONS
(Amended & Restated July 9, 2021)

PREAMBLE
These Rules and Regulations are established for Eagle Harbor Golf Club (the “Club”) by Club Owner and Hampton Golf to protect the Club Facilities and to promote the health, safety, welfare, and enjoyment of all persons using the Club Facilities and while on the Club’s premises. Club Owner owns and operates the Club and the Club Facilities, and has engaged Hampton Golf to operate the Club Facilities. References in these Rules and Regulations to the “Club” in regard to decision making or the exercise of discretion shall be deemed to refer to Club Owner and Hampton Golf, and Club Owner and Hampton Golf are hereafter sometimes referred to as the “Club.” In the interest of making the use of the Club Facilities a pleasurable experience for all persons and to protect the Club Facilities, the Club may amend these Rules and Regulations from time to time, in its sole discretion, without notice. All capitalized terms used in these Rules and Regulations which are not defined herein shall have the meanings given to them in the Club’s Membership Plan.

GENERAL CLUB RULES
All persons using the Club Facilities shall abide by these Rules and Regulations.

All amendments to these Rules and Regulations shall become effective immediately upon the posting of a copy in a conspicuous place at the Club, by announcement thereof in the Club’s newsletter and copies thereof being made available to Members, or upon mailing to Members, whichever is first to occur. In the event of conflict between these Rules and Regulations or any other rules and regulations promulgated by the Club, the Membership Plan and the Membership Application & Agreement, such conflict shall be resolved by the Club to make such provisions as consistent as possible and, in any event, any such inconsistency shall be construed in favor of the Membership Plan, these Rules and Regulations, and the Membership Application & Agreement, in such order.

These Rules and Regulations reflect appropriate behavior of a golf-oriented club. Courtesy, appropriate conduct and discipline complement our Club Facilities and enhance the social and golfing atmosphere. To preserve our traditions and maintain pride in the Club, all persons must observe these Rules and Regulations. Cooperation in observing the rules of decorous behavior, mode of dress and standards of conduct are required for membership at the Club and for use of the Club Facilities by all persons.

The Club Facilities shall be open on the days and during the hours as may be established by the Club, in the Club’s sole discretion. The Club Facilities and other areas of the Club may be closed for scheduled maintenance and repairs as needed.

Performance by entertainers of any sort is permitted on the Club’s premises or into the Club Facilities only with the prior written permission of the Club.

Alcoholic beverages shall not be served or sold, nor permitted to be consumed, on the Club’s premises in any manner prohibited by law. Alcoholic beverages shall not be sold or served to any person not permitted to purchase the same under the laws of the State of Florida.

The Club reserves the right, in its sole discretion, to refuse service to any person for any reason or no reason whatsoever. The Club also reserves the right to remove any person that appears to be intoxicated from the Club Facilities and take all necessary steps to ensure such person complies with same.

All food and beverages consumed on the Club’s premises must be furnished by the Club. Persons shall not bring their own food and/or beverages into the Club Facilities or on the Club’s premises at any time unless approved, in writing, in advance by the General Manager of the Club (“General Manager”).

Outside catering is only permitted with the prior written approval of the General Manager.

Club employees are permitted to deliver food and beverages to locations away from the immediate area of the Clubhouse or other designated areas of the Club only with the prior written approval of the General Manager.

Commercial advertisements shall not be posted or circulated anywhere on the Club’s premises nor shall solicitations of any kind be made on the Club’s premises or upon the Club's stationery without the prior written approval of the Club. Other than as permitted in writing by the Club, no petition shall be originated, solicited, circulated, or posted on the Club’s premises.

No one shall use the roster or list of Members for solicitation, commercial or political purposes, or distribute the roster or list to any person whatsoever. The roster or list of Members shall be considered confidential private property of the Club and shall not be used or given to anyone by a Member for any reason whatsoever.

It is contrary to the Club's policy to have the Club Facilities used for functions or fundraising efforts for the benefit of a political cause, except as specifically permitted by the Club in writing. The Club Facilities shall not be used in connection with organized religious services or other activities except as may be approved, in writing, by the Club.

No one shall request services unrelated to the Club or special or personal services from Club employees who are not on duty, or outside the scope of such employee’s duties. No one shall use the Club's furnishings or equipment, which are not ordinarily available for use.

The Club prohibits bringing a pet (a domestic animal kept for pleasure or companionship) inside the Club’s premises with the exception of service animals pursuant to the Americans with Disabilities Act. Pets are allowed on the outdoor patio and must be on a leash and under the control of the owner at all times. All persons are responsible for damage caused on the Club’s premises by an animal owned or controlled by such person or such person’s family members and/or guests.

Skateboards, roller skates, roller blades, mopeds, scooters, hover boards, and other similar items are not permitted on the Club Facilities. Privately-owned golf carts are permitted to be parked near the Clubhouse when at Talons. Privately-owned golf carts are not permitted on the

Golf Course without the Club’s prior written consent, but may be parked near the Practice Facilities when using such facilities.

All persons shall not abuse Club employees, verbally or otherwise. All Club employees are under the supervision of Hampton Golf and no one shall reprimand or discipline any Club employee, nor shall any person request a Club employee to leave the Club Facilities for any reason. Any Club employee not rendering courteous and prompt service should be reported to the General Manager immediately.

Self-parking is permitted in areas identified as such. Parking is not allowed on grassed areas, unless specified for a particular event as determined by the Club in its sole discretion. No overnight parking, unless approved by the manager on duty. "No Parking," “Disabled Driver” and all other parking signs must be observed. Violators may be towed at the vehicle owner’s expense.

Smoking is only permitted outside in designated smoking areas.

Absolutely no fireworks are permitted anywhere on the Club’s premises or adjacent areas, unless part of a fireworks exhibit organized and conducted by the Club.

Firearms and all other weapons of any kind are not permitted on the Club’s premises or into the Club Facilities at any time.

Use of the Club Facilities may be restricted or reserved from time to time by the
Club.

Violation of any of these Rules or Regulations or conduct in a manner prejudicial to the best interests of the Club will subject the person in violation to disciplinary action by the Club in accordance with the Club Documents.

Club employees and the District Manager have full authority to enforce these Rules and Regulations, and any infractions will be reported to the Club.

No one is allowed in the food and beverage service areas of the Club, with the exception of Club employees.

Horseplay, profanity, disruptive conduct, and indiscreet behavior are strictly prohibited in the Club Facilities.

Members are responsible for informing and updating their family members and guests of all Club policies, including these Rules and Regulations, and are expected to ensure that their family members and guests adhere to such policies.

Each person is responsible for their own conduct and for the conduct of their family members and guests. Any person, or any of said person’s family members and/or guests, whose conduct, manner, deportment, or appearance is deemed by the Club, in its sole discretion, as likely

to endanger the welfare, safety, harmony, or good reputation of the Club or its Members, or is determined to be otherwise improper may be reprimanded, fined, suspended, or expelled from the Club and may have all privileges associated with the use of the Club Facilities restricted, suspended or terminated by the Club. The Club is the sole judge of what constitutes improper conduct. Suspension or termination of membership privileges is further outlined in the Club’s Membership Plan.

The Club may, in its sole discretion, demand any person to leave the Club’s premises at any time for any reason or no reason.

Each person is ultimately responsible for his or her own safety and must take all necessary measures to protect themselves while on the Club’s premises, including when operating a golf cart or encountering wildlife on the Club’s premises.

Complaints, criticisms or suggestions of any kind relating to the management, service and operation of the Club or its employees should be in writing, signed by the person and addressed to the Club. Errors in billing charges must be directed to the attention of the General Manager and/or Head Golf Professional at the Club.

CLUB SERVICES AND ACTIVITIES
The Club provides a variety of sports, cultural, educational, and recreational events in which all Members are encouraged to participate.

No food and beverages are permitted by outside vendors, unless previously approved, in writing, by the General Manager of the Club.

Reservations are required for most activities at the Club and are accepted on a “first- come, first-serve” basis by pre-registering with the appropriate personnel of the Club.

Members are entitled to credit and charge privileges at the Club, so long as their account is in good standing.

Cash payments may or may not be permitted as determined by the Club from time to time.

DINING FACILITIES
The dining policies are determined by the Club, in its sole discretion.

Cancellation of reservations without timely notice may result in being charged a cancellation fee.

Dinner reservations may be required as determined by the Club from time to time and must be made by contacting the Club’s restaurant. All persons should assist in maintaining required service levels by making reservations for dining prior to 5:00 p.m. on the day involved.

The courtesy of providing notice of necessary changes or cancellations is requested no later than 3:00 p.m. on the day before the dining reservation.

Reservations for dining will be held for only fifteen (15) minutes after the reserved time. All reservations will be seated as soon as reasonably possible according to their confirmed reservation time to ensure proper service.

Dining room activities for groups of fifteen (15) or more persons will be permitted only with the Club’s written permission and reservations for such groups will be accommodated on an "as available" basis. A twenty-four (24) hour notice is requested for parties of more than fifteen (15) persons and a set menu should be arranged whenever possible.

For all Club events held in the dining room of the Club, tables will be assigned on a “first-call, first-choice” basis.

Members shall not set dates for dining room activities without prior written approval of the Club.

It is preferred that hats are removed in dining room areas. Golf and tennis attire are appropriate for the dining room until dinner hours. The Club may require certain attire for special Club events.

To cancel a reservation for a special dining event at the Club (for example, New Year’s Eve, Thanksgiving, Wine Dinners, Easter, etc.), the Club must be notified at least seven (7) days prior to the event. Cancellations after this deadline can only be accepted without a cancellation charge, if there is a waiting list from which the Club can fill the cancelled reservation. If there is no waiting list, the Club may, in its sole discretion, charge a cancellation fee.

The Club reserves the right, in its sole discretion, to change or modify the hours of operation of the dining facilities and reservation policies, as well as other services provided at the Club as may be determined from time to time.

PRIVATE EVENTS
Private events may be scheduled from time to time at the sole discretion of the Club.

The Club desires to encourage the use of the Club Facilities by Members and other persons for private events. In order to use the Club Facilities for a private event, all persons are required to make reservations with the Club’s Sales & Events Coordinator for available dates and arrangements, and sign a Private Event Agreement with the Club.

The Club reserves the right to cancel or reschedule a private event for any reason without fee or penalty.

The person sponsoring the event shall assume full responsibility for the conduct of guests and the removal of any decor. The person sponsoring the private event shall also be

responsible for any damage to the Club Facilities and for the payment of any charges not paid by individuals attending the private event.

GRATUITIES AND SURCHARGES
For the convenience of all persons, a gratuity percentage, as determined from time to time by the Club, may be added to all food and beverage sales.

An alcoholic surcharge is rendered by the State of Florida on all alcoholic beverages served. This tax varies by several factors, including the type of alcohol and the amount, in ounces, served in each alcoholic beverage. This appears as a single line item on all receipts and is reported to the State of Florida monthly.

Cash tipping is permitted and is appropriate for food and beverage staff, guest services, and other Club personnel.

LOSS OR DESTRUCTION OF PROPERTY OR INSTANCE OF PERSONAL INJURY
Any personal property left by any person in the Club Facilities or on the Club’s premises for three (3) months or more without payment of storage thereon may be sold by the Club, with or without notice, at a public or private sale, or may be otherwise disposed of, and the proceeds, if any, may be retained by the Club.

No person shall remove from the room in which it is placed or from the Club Facilities any property or furniture belonging to the Club without prior written permission of the General Manager. Each person is liable for any property damage and/or personal injury at the Club, or at any activity or function operated, organized, arranged, or sponsored by the Club, caused by said person or said person’s family members or guests. The cost of such damage shall be borne by the person responsible for the damage.

Should any person bound by these Rules and Regulations bring suit against any of the Released Parties in connection with any event operated, organized, arranged, and/or sponsored by the Club or on any other claim or matter in connection with membership at the Club or use of the Club Facilities, and fail to obtain judgment therein against any one or more of the Released Parties, said person shall be liable to the Released Parties for all costs and expenses incurred by them in the defense of such suit, including without limitation, court costs, attorneys’ fees and expenses through all appellate proceedings.

CHILDREN
Children under twelve (12) years old are not allowed to use any of the Club Facilities, unless accompanied and supervised by an adult.

Children under the lawful drinking age in the State of Florida are not permitted in any bar or lounge, unless accompanied and supervised by an adult. Children are permitted in dining

facilities where alcoholic beverages are also being served, but cannot sit at the Talons bar counter unless accompanied and supervised by an adult.

Under no circumstances shall anyone under twenty-one (21) years old be served alcoholic beverages or tobacco products.

Children under eighteen (18) years old are not allowed to use the Club Facilities after 8:00 p.m., unless accompanied and supervised by an adult.

All persons are responsible for the conduct and safety of their children when enjoying the Club Facilities.

ATTIRE
It is expected that all persons will choose to dress in a fashion befitting the surroundings and atmosphere provided in the setting of the Club and exercise sound judgment in dress. The Club may publish dress requirements from time to time. The Club is entitled to make the final determination, in its sole discretion, as to the appropriateness of any person’s dress or attire.

All persons must wear casual golf or country club attire in the Clubhouse, which includes collard or mock neck shirts and Bermuda-length shorts (i.e., no less than 4” above the knee).

All persons are requested to dress in a fashion compatible with the appropriate occasion.

Shirts and shoes must be worn at all times when on the Club’s premises and while using the Club Facilities. Tank or net mesh tops, short shorts, and swimwear are inappropriate attire for the Golf Course, Practice Facilities, and in the Clubhouse. Denim is permitted in the Clubhouse, but not on the Golf Course or Practice Facilities.

GENERAL GOLF COURSE AND PRACTICE FACILITIES RULES
All persons using the Golf Course and Practice Facilities shall adhere to the Rules of Golf and the Rules of Etiquette, both as adopted by the United States Golf Association (“USGA”), except when modified by local rules or the Club Documents.

Cooperation with the golf staff is appreciated and expected.

Hours of operation for the Golf Course and Practice Facilities are established by the Club, in its sole discretion, based upon the demand and the time of year. The hours will be publicized by being posted in the Golf Shop.

Proper golf attire is required for all golfers and non-golfers present at the Practice Facilities and Golf Course. Improperly dressed golfers will be asked to change before playing.

Any person concerned about their attire should check with the Golf Shop staff before starting play. Any misuse or disregard of the Rules of Golf or the Rules of Etiquette, both as adopted by the USGA, may cause privileges to be reviewed, restricted, suspended, or terminated by the Club as determined in its sole discretion.

All golfers must check-in at the Golf Shop before beginning play on the Golf Course. All Members shall present their membership cards at registration. Failure to check-in at the Golf Shop at least fifteen (15) minutes prior to the scheduled tee time is grounds for forfeiture of the tee time.

Under no circumstances are golfers permitted to start play from residences. "Cutting-in" is not permitted at any time.

All tournament play must be approved, in writing, in advance by the Club.

Each golfer must have his or her own set of golf clubs and accompanying golf bag.

Jogging, bicycling, fishing, recreational walking, hunting, ball hunting, sightseeing, or any other recreation-related activities are not permitted on the Golf Course or Practice Facilities at any time, unless such activities are given specific permission, in writing, by the General Manager.

Personal coolers are not permitted on the Club’s premises whatsoever.

Prior to making purchases for merchandise at the Golf Shop, all persons should inquire about the return policy as it varies based upon the type of transaction. In general, purchases made at the Golf Shop may be returned for credit only when accompanied by a receipt and within thirty (30) days of the date of purchase. Merchandise credit may only be spent on merchandise from the Golf Shop.

GOLF COURSE
The Club has the authority, in its sole discretion, to decide when the Golf Course is fit for play. When the Golf Course has been closed, it can only be reopened by the General Manager.

In order to maintain the condition of the Golf Course, spike-less shoes or shoes with non-metal spikes are the only type of golf shoes allowed. Golf shoes with metal spikes are not permitted anywhere on the Club’s premises.

Practice is not allowed on the Golf Course. All persons shall use the Practice Facilities for all practice. All persons must avoid unnecessary damage to the Golf Course by limiting the use of mulligans and practice swings.

All play must originate on the first tee, unless otherwise authorized by the Golf Shop staff.

Speed of play is strictly enforced. All groups are required to keep pace with the groups in front of them. If a foursome or other group of golfers fails to keep their pace during play and falls behind the preceding group by more than one (1) hole, such group must allow the following group to play through. The same must be followed when stopping to search for a lost ball. No more than three (3) minutes should be used to search for lost balls.

All golfers who stop after playing nine (9) holes for any reason must occupy the next tee before the following golfers arrive at the tee or they shall lose their position on the Golf Course, and must get permission from the Golf Shop to resume play.
“Ball hawking” is not allowed on the Golf Course at any time.

With the exception of Golf Plus Members, Members (excluding their guests) may walk the Golf Course after 2:00 p.m. Walking at any other time is permitted only at the sole discretion of the Golf Shop staff. If walking is permitted before 2:00 p.m., the Member shall pay the cart fee then in-effect.

A round of golf should be completed in four (4) hours and twenty (20) minutes or less. Club employees may be on duty to help regulate play, speed of play and enforce these Rules and Regulations. The Club employees have full authority as representatives of the Club to enforce all rules and pace of play on the Golf Course. If a golfer is repeatedly warned for slow play, the Club may take such action as it deems appropriate, including without limitation, restricting the person's use of the Golf Course during certain times of day.

Twosomes may play at the discretion of the Golf Shop. Twosomes must not expect to play through foursomes and must not exert any pressure on the groups ahead. Foursomes shall have the right of way.

Twosomes and singles shall be grouped with other golfers, if available, at the discretion of the Golf Shop.

Singles shall be permitted to play only at the discretion of the Golf Shop. Singles must not expect to play through other groups and must not exert any pressure on the groups ahead.

Groups of five (5) or more golfers shall only be permitted on the Golf Course with the prior permission of the Golf Shop.

Golfers who provide a doctor’s certification of medical necessity to the Club shall be provided a handicap flag designating that they have a disability. Handicap flag recipients may operate their golf carts closer to tees and greens than is normal. Due consideration to avoid damaging the Golf Course is expected. In no case shall handicap flag recipients operate a golf cart closer than thirty (30) feet of the putting surface or on the approach of any green. If abnormal conditions dictate the Golf Course (i.e. course saturation and maintenance projects, such as overseeding), handicap flag recipients may be required to stay in the rough or on the golf cart paths as directed by the Club.

PRACTICE FACILITIES
The Practice Facilities are open thirty (30) minutes prior to the first tee time and will close thirty (30) minutes prior to dark. The Practice Facilities will be periodically closed for maintenance and other reasons as determined by the Club from time to time.

Range balls are for use on the Practice Facilities only and are not to be removed from the Practice Facilities. Range balls must not be used on the Golf Course.

Balls must be hit from designated areas on the Practice Facilities. No hitting is permitted from the rough or sides of the Practice Facilities.

Lessons by unauthorized professionals are prohibited.

Shag bags are not permitted.

HANDICAPS
Handicaps are computed by the Florida State Golf Association under the supervision of the Head Golf Professional and the Club’s handicap committee in accordance with the current USGA handicap system.

All persons with a USGA approved handicap may participate in Club events as applicable. All handicaps submitted may be reviewed by the Golf Shop staff.

Golfers are responsible for turning in all their scores on a daily basis. Any person failing to turn in a score shall result in a score being posted that is equal to his or her lowest score on record. The Golf Shop staff shall assist any golfers needing help with the posting procedures.

Accurate records are to be kept of scores turned in and recorded for all full rounds played. The Golf Shop staff shall determine if there are violations in turning in scores.

All Full Golf Members have handicap services included in their membership. All other Members must pay the handicap service fee then-in effect, if they choose to keep an active handicap at the Club. The handicap service fee is due and payable on an annual basis, and will be prorated if started during the year.

GOLF COURSE CARE AND ETIQUETTE
Persons using the Practice Facilities and Golf Course must do their part to make a round of golf a pleasant experience for everyone at the Club and to ensure excellent playing conditions. Here are some suggestions relating to the proper care of the Practice Facilities and Golf Course, and proper etiquette:

Each golfer is requested to repair all ball marks.

Do not replace divots. Divots must be filled with soil mix/sand provided on each golf cart and then leveled to the surrounding surface on both fairways and rough. Do not leave a mound of sand as sand can dull the blades of the mowers.

Bunkers must be entered and exited from the low side (i.e. the nearest level point to the green) and raked neatly and thoroughly after use. Rakes must be laid outside of the bunker.

Do not waste time. Anticipate the golf club(s) you may need and go directly to your ball. Drop off the rider from your golf cart with a few clubs at their ball and drive to your ball. Meet up after you both have hit your shots. Always be near your ball to play promptly when it is your turn. If a golfer is delayed in making his or her shot, it is courteous for such golfer to indicate to another golfer to play, which must not be deemed playing out of turn.

Keep up with the group ahead of you. Focus on the group ahead instead of the group behind.

The time required to "hole out" on and around the green is a chief cause of slow play. Study and clear the line of your putt while others are doing the same. Be ready to putt when it is your turn.

When approaching a green, park your golf cart on the cart path on the best direct line to the next tee, in order to save significant time. Never leave the golf cart in front of the green where you will have to go back and get it while the following golfers wait for you to get out of the way.

When play of a hole is completed, leave the green promptly and proceed to the next tee without delay. Record the scoring for the completed hole while the others in your group are playing from the next tee.

If you are not holding your place on the Golf Course, allow the golfers behind you to play through.

Club employees will report slow play and all breaches of golf etiquette to the Golf Shop staff, which will take appropriate action.

ADVERSE WEATHER AND RAIN CHECK POLICY
Although the Golf Shop staff may warn golfers about lightning in the area, of which they are aware, golfers must not rely on the Golf Shop staff to detect lightning and warn them. If lightning is in the area, golfers must stop play immediately and seek shelter.

The Club may close the Golf Course and Practice Facilities to plan for adverse weather conditions and for maintenance purposes, or when the Golf Course could be damaged by play.

If play is suspended by the Golf Shop, all golfers must leave the Golf Course and Practice Facilities immediately. Buildings located on the Golf Course are rest areas and are not equipped to provide protection from inclement weather.

When rain prevails and causes termination of play, a rain check for that day’s appropriate fees may be granted, in accordance with the “Rain Check Policy” described below, as determined from time to time by the Club, in its sole discretion. It will be the sole responsibility of the golfer to apply for a rain check from the Golf Shop. The golfer must apply for a rain check on that same day or the privilege to receive a rain check for that day is forfeited. Rain checks are provided for future use; no cash refunds will be made.

Rain Check Policy:

6 holes or less completed – full 18-hole credit, based on the rate charged;
7 - 16 holes completed – full 9-hole credit, based on the rate charged; or
17 or more holes completed – no credit issued.

GOLF CARTS
The use of golf carts is mandatory. Non-use of a golf cart is only permitted with the prior written approval of the General Manager.

Golf carts must only be used on the Golf Course when the Golf Course is open for play. Golf carts are permitted in the parking lot but are not to be driven to any home or home site in the Community or outside of the Community at any time.

Golf carts must not be used by any person on the Club’s premises, including the Golf Course, without proper assignment and registration in the Golf Shop.

Each operator of a golf cart must be at least sixteen (16) years old and have a valid automobile driver’s license.

Only two (2) persons and two (2) sets of golf clubs are permitted per golf cart.

All persons shall obey all golf cart traffic signs. Golf carts do not have the right- of-way on roadways and must not be driven on the roads.
All persons must use golf cart paths where provided, especially near tees and greens. Use the ninety-degree rule (e.g., cross fairways only at right angles at 90 degrees). Golfers are required to remain on cart paths without exception, on all par 3 holes and any other holes as determined by the Club from time to time.

Only vehicles approved by the Club will be allowed on the Golf Course, including its cart paths.

Golf carts must remain in compliance with cart signs posted on the Golf Course. Keep golf carts on cart paths at green and tee complexes at all times.

Be careful to avoid soft areas on fairways, especially after rain. Use roughs whenever possible.

Never drive a golf cart through a hazard.

Operation of a golf cart is at the risk of the operator and all persons accept and assume all responsibility for liability connected with operation of the golf cart. Cost of repair to a golf cart which is damaged by a Member or their guest shall be charged to said Member’s account. All persons are fully responsible for any and all damages, including damages to the golf cart, that are caused by the person or said person’s family members and/or guests, and said person shall reimburse the Club for any and all damages the Club may sustain by such use.

Parking of golf carts is allowed in designated areas only.

“Course closed" or "hole closed" signs must be adhered to without exception.

Cart directional and usage signage must be adhered to without exception.

Violations of any golf cart rules may result in loss of Club privileges and/or other disciplinary measures by the Club, as determined by the Club in its sole discretion.

ALLIGATORS, SNAKES AND OTHER WILDLIFE
Alligators, snakes (in particular, water moccasins), and other wildlife are a part of the natural environment surrounding a golf course in Florida. As such, golfers may encounter wildlife while on the Golf Course, particularly near water. Golfers must:

Be alert to the presence of wildlife on and adjacent to the Golf Course, cart paths and natural areas.

Never approach an animal in the attempt to retrieve your golf ball. Keep a safe distance between you and the alligator, snake, or other animals such as deer, boar, and bobcats for your safety. Do not try to make the animal move off the Golf Course yourself!

During mating season, animals may be especially aggressive. It is better to skip a hole than to risk serious injury or worse.

Notify a Club employee immediately of the presence of any wildlife.

GUEST POLICY
The Club may allow use of the Club Facilities by guests of the Club on such terms, conditions and rates and with such privileges as the Club determines in its sole discretion, from time to time.

Each Member is responsible for informing and updating their guests as to these Rules and Regulations and other policies of the Club.

Although it is the intention of the Club to accommodate guests without inconvenience to Members, the Club reserves the right to limit the number of guests that may accompany a Member on any given day.

The Club may change the daily guest fees, charges and policies for use of the Club Facilities by guests at any time in its sole discretion.

A Member’s guest privileges may be denied, withdrawn or revoked at any time for any reason considered sufficient by the Club.

Each Member is permitted to bring three (3) Accompanied Guests (as hereinafter defined) to the Club Facilities at the “Guest of Member” rate then in-effect as established by the Club from time to time. An “Accompanied Guest” is any guest who is accompanied by the sponsoring Member when using the Club Facilities. A Member may bring more than three (3) Accompanied Guests to the Club Facilities upon payment of the applicable fees then in-effect for each additional Accompanied Guest that exceed the foregoing maximum.

Accompanied Guests are permitted to use the Club Facilities in accordance with the membership privileges of the sponsoring Member, subject to the restrictions on Golf Course play set forth herein.

Accompanied Guests will have the opportunity to pay any Club Charges and other fees (including Guest of Member fees) incurred by the Accompanied Guest at the Club; provided that the sponsoring Member will be responsible for all such charges incurred, but not paid by their guests.
An Accompanied Guest may use the Golf Course (including the Practice Facilities) no more than a cumulative total of four (4) times per calendar year. The Club reserves the right to amend the number of times Accompanied Guests are permitted to use the Club Facilities at any time.

Each Member is responsible for the conduct of his/her guests at the Club.

If the manner, deportment or appearance of any guest is deemed to be unsatisfactory, as determined by the General Manager in his/her sole discretion, the sponsoring Member must or the Club may (in the case of an unaccompanied guest) cause such guest to leave the Club’s premises upon the General Manager’s request.

SIXTH ORDER OF BUSINESS

Review of the Eagle Harbor Golf Club
in
Fleming Island, Florida

Prepared For:
Eagle Harbor Community Development District
District Manager 2105 Harbor Lake Dr
Fleming Island, FL 32003

Prepared By:

501 N. Highway A1a Jupiter, FL 33477
(561) 744-6006

June 2021

Table of Contents
INTRODUCTION AND OVERALL SUMMARY	2
Introduction	2
Overall Summary	2
EAGLE HARBOR GOLF CLUB – 2021 REVIEW	5
Existing Golf Course Conditions Review	5
Review of Primary Golf Course Components	5
Review of Ancillary Components	9
Operations Overview & Recommendations	12
Key Areas of Opportunity	12
Operations Summary - Other	17
Financial Performance Analysis	21
Rounds and Member Activity	21
Revenues	22
Expenses	24
Economic Performance Summary	25
MARKET ANALYSIS SUMMARY FINDINGS	26
Golf Market Supply and Demand Indicators	26
National Golf Industry Overview	26
Local Market Golf Supply and Demand Summary	28
Competitive Golf Market	29
EAGLE HARBOR GC FACILITY IMPROVEMENT PLAN	32
Maintenance and Repair Projects	33
Capital Expenditures & Projects	33
NGF Summary 10-Year Maintenance, Repair & Capital Improvement Plan	35
PROJECTED FINANCIAL PERFORMANCE (FY21–FY30)	36
Basic Assumptions	36
Estimated Future Performance (FY 2021 – FY 2030)	37
Revenue and Expense Projection (FY 2021 – FY 2030)	38
Cash Flow Results – EHGC (FY 2021 – FY 2030)	39
Limiting Conditions	39
APPENDICES	40
Appendix A – National Rounds Played Report	41
Appendix B – Local Demographic, Demand, and Suppy Data	47
Appendix C – Primary Competitors – Summary Information	50

Introduction and Overall Summary
INTRODUCTION
The following report provides a summary of National Golf Foundation Consulting’s (“NGF”) review of the Eagle Harbor Community Development District (“CDD” or “District”) golf program - the 18- hole Eagle Harbor Golf Club (“EHGC”). This summary is based on institutional knowledge of EHGC gleaned from the NGF’s annual reviews of the property from 2009 to 2019, and the most recent visit and property tour in May 2021. The spring 2021 site visit included a tour of the golf course and clubhouse, and meetings with senior golf / food & beverage staff and the District Manager. Other activities included competitive market research, an update of local demographics and golf supply/demand measures, and collection and review of updated historical operating data for Eagle Harbor GC.
This report focuses on changes to the EHGC operation and the market environment since NGF’s engagement in early summer 2019, which followed a period of major improvements at the club, including new Tif Eagle greens and modifications to the clubhouse, as well as some staffing changes and new investment in marketing. NGF’s summary in 2021 provides a synopsis of how the facility is performing over the last couple of years in light of the pandemic and other market, facility and operational changes. NGF also updates our recommended capital plan for EHGC, with a focus on investment that will be required to keep the facility at its currently strong competitive position. Finally, we project EHGC activity levels and cash flows for the next ten years.
This NGF review was managed by Ed Getherall, Director of Consulting, with assistance from Richard B. Singer, Senior Director of Consulting. The report provides a summary of the main findings and recommendations for the CDD in the continued operation of its golf course. We note that, as in several recent annual reports to the District, NGF did not undertake a comprehensive review of operations as part of this service; rather, the review comprised data/information gathering, a tour of the property in the late spring of 2021, and interviews with District, Hampton Golf, and EHGC staff.

OVERALL SUMMARY
The findings and recommendations in this summary report focus on key issues currently under discussion, such as pricing strategies and proposed improvements that may result in increased net revenues, including work to the driving range, kitchen modifications, etc.
The consistent improvement of the Eagle Harbor Golf Club continued to bear fruit, as evidenced by its march toward operational break-even in FY2019 and FY2020, despite the global pandemic.
While the pandemic and its aftereffects (e.g., labor shortage, inflation) may linger for a while, we believe that District and Hampton Golf management have the facility, which now stands out in the Fleming Island / Orange Park / west of river market, on the path to profitability.
In the body of the report, we discuss several areas of opportunity in both golf and food & beverage operations. On the golf side, balancing activity between member and daily fee play is always a challenge, never more so than now when demand for both is surging. A positive outcome of this is that EHGC now has “pricing power”, which should allow management to grow golf playing fee revenues through fee increases and utilization of dynamic pricing.
Of course, integral to maintaining the current strong market position is keeping the golf course in the excellent condition it has been in, and continuing to invest in the property. Additionally, all golf course operators must make a concerted effort to retain as much of the pandemic-related demand

as possible through programming and engagement initiatives (especially for new golfers), now that other competing activities for discretionary recreation dollars are back open.
On the clubhouse side, the Talons operation has been a hit with the local community, and non-golf use of the bar and restaurant continued to grow leading up to the pandemic. In fact, the F&B operation, which had been a large-scale money loser for many years, was profitable in FY19 and, remarkably, FY20. Improvements in the food & beverage operation under the direction of the new F&B-oriented General Manager include continuing facility modifications and staffing changes, such as hiring a more experienced Head Chef and adding a Banquet Captain position to facilitate events, thus freeing up more time for the Sales and Events Director to sell them.
With the excellent facilities, increased awareness of Talons in the market, and aggressive marketing/direct selling, NGF expects that food & beverage has the potential to be a significant profit center at Eagle Harbor GC. However, as we’ve noted in recent reports to the District, there are some inherent facility limitations that constrain and effectively place a ceiling on revenue growth. These include a relatively small and inefficiently programmed kitchen and limited seating capacity (150-person wedding is max, with ±125 much more comfortable) that preclude hosting larger events. Also, there is the conflict of shutting down the venue and displacing regular restaurant customers during special events (e.g., on Friday nights). Another constraint is that servicing concurrent events on the popular patio and inside are a problem.
The issues with the Eagle Harbor F&B operation appear to be on the supply side rather than demand side, which is not a bad problem to have if the District continues to invest in the efficiency, capacity and overall quality of the facilities. As we discus in more detail in the body of the report, NGF concurs with the General Manager that the most significant short-term investments to consider for this clubhouse include kitchen reconfiguration (or expansion) and addition of storage capacity. Improvement to the outside wedding ceremony venue should also be a net revenue- positive investment.
As with any business, there are other uncontrollable external variables at play, as the global pandemic so brutally brought home in 2020. At this writing, many businesses in the hospitality and service industries are facing new challenges in attracting and retaining labor, due to several factors that include extended federal unemployment benefits. The competition for labor has resulted in wage inflation, and general inflation in prices for inputs has also taken hold, though perhaps temporarily. Our point is that, at least for the short term, managing margins in the Talon’s operation will require nimble navigation of current challenges (e.g., being able to cover rising labor and food costs without pricing some customers out).
As we have written before, maintaining the golf course and support amenities to current standards will be integral to EHGC continuing to improve its financial results. NGF believes that the key goal going forward with respect to staffing and overall budgeting should be to ensure that service levels are commensurate with the image and market position that the District and Hampton Golf have fought to attain through facility investment, expert course maintenance, and aggressive marketing and programming.
As we will see in the financial pro forma analysis, EHGC’s ability to reach what the District has defined as “Level 1” performance – revenues that cover basic operating expenses – should be achievable assuming annual rounds played stabilize in the ±42,000 range, which would represent a moderate pullback from the almost 45,000 generated during the Covid-related demand surge in 2020. Perhaps profitability can be achieved at even lower rounds totals if expected revenue growth in the food & beverage operation comes to fruition and the District and Hampton Golf can continue to effectively control expense growth.
The NGF Consulting preliminary cash flow projection shows that EHGC should produce about $3.2 million in total gross operational revenue (all sources) in FY21, as things begin to “normalize” as

the pandemic wanes. Even with stabilized rounds of 43,000, we are projecting fairly aggressive revenue growth resulting from moderate average annual increases in revenue inputs, continued aggressive marketing, strong management, and revenue constraints in F&B operations being lessened due to facility improvements (e.g., more kitchen space, enhanced wedding venue). We are projecting total revenue to grow to $3.93 million by FY25, and to $4.44 million by FY30.
Based on expense estimates prepared by NGF Consulting, we project that EHGC will produce net ordinary income (before depreciation, maintenance reserve, debt and other “below the line” items) equating to a loss of about ($30,000) in FY21, growing to ($59,000) as expenses escalate in FY22. However, with assumed stabilization of expense growth, we project annual net ordinary income to turn to the positive and stabilize at $110,000 to $120,000 in the FY27 through FY30 period. Based on NGF inputs assumed for this model, including stabilized annual rounds played of 43,000, we expect to EHGC to be a break-even or moderately profitable operation, before capital, interest, and principal payments, by FY 2024 or FY 2025. If this level of performance were achieved or exceeded, EHGC should no longer need operating subsidies and may even be able to contribute to a maintenance reserve fund, but will likely continue to be unable to fund all interest expenses, bond principal payments, and other non-recurring and capital items.

Eagle Harbor Golf Club – 2021 Review
In this section, we provide a summary review of the key changes in the Eagle Harbor Golf Club, as well as the competitive market it operates in, since NGF’s last study in mid-2019. Because of the near-yearly frequency of the NGF updates prepared for the CDD, this report is not intended to address all aspects of the facility assets and operation. Rather, we’ve reviewed key capital and operational factors, as well as facility performance trends, that NGF believes are important to focus on in the context of both the short/intermediate-term planning and the longer-term sustainability of EHGC. This section comprises three parts: (1) Existing Golf Course Conditions Summary; (2) Operations Overview and Recommendations; and, (3) Financial Performance Analysis.

EXISTING GOLF COURSE CONDITIONS REVIEW
In May 2021, the NGF consultant conducted a physical review of the EHGC golf course to update our continuing “condition of property” report for the District. The review included the golf course playing area and support amenities. We note that this summary is not based on a formal inspection of facilities, but a cursory review completed by NGF in consultation with Eagle Harbor, Hampton Golf and District staff. The NGF inspection was conducted as the course was entering its peak summer growing season, and the area had experienced low rainfall in the preceding weeks before the site inspection. Later in this report, we provide a prioritized list of recommendations for remaining physical plant improvements.

Review of Primary Golf Course Components
The Eagle Harbor golf course appeared to be in very good condition, with clear superiority to key competitors (e.g., Eagle Landing, Fleming Island) noted by the NGF. Our review shows no obvious urgent problems that would need to be addressed immediately to prevent the loss of revenue or that would entail large capital expense. Overall, NGF observed that the facility has clearly benefitted from the recent upgrade efforts, although some additional capital items will be required to maintain that superiority. A review of each golf course component is noted below:
Greens – The relatively new Tif Eagle greens (2016) continue to mature and appear to be holding up well despite an increase in rounds activity. The quality of greens is a clear differentiator for EHGC in this market; the Golf Professional noted that the high-quality greens have been a key driver for new activity and growth in rounds played.
Tee Boxes – Several tee boxes showed excessive wear and damage from heavy use. This was especially noticeable on all four par-3 holes, where golfers using mostly irons have damaged teeing areas and the spaces are too small to allow for adequate recovery. Tee improvements to par-3 holes should be a high priority in short-term capital planning.

Photos showing the tee boxes on selected par-3 holes at EHC. These conditions will detract from the golfer experience and should be improved to fix damage, and tee boxes increased in size on par-3 holes.

Overall Turf Condition – The NGF inspection occurred during a particularly dry period, and overall turf health still looked superior to key competitors. These good conditions are a result of properly functioning irrigation, supporting the importance of having effective irrigation in place and the need for the District to prepare now for an eventual irrigation system replacement (more below).
Bunkers and Hole #13 - The course has a total of 35 sand bunkers, including three very large bunkers (holes #6, #13, #18), with a variety of conditions related to quality of sand, drainage and eroding edges. Staff reports that bunker improvements are ongoing as part of regular maintenance, but staff and budget constraints limit the attention to bunkers. The extra-large bunker on hole #13 is a particular challenge to maintain and NGF expects that the size can be reduced significantly without affecting the proper play of golf or the perceived quality of the layout.

	
Photo of the extra-large bunker on hole #13. Most of this bunker is not in play for the majority of golfers and should be reduced in size.	

Trees – The numerous trees on property at EHGC provide added visual and playability appeal, but also present maintenance challenges. Continued mitigation of tree shade issues and clearing underbrush to improve airflow are required to maintain ideal conditions. In addition, tree root pruning (especially of older Oaks) in some areas would also help reduce damage to cart paths and irrigation lines. A comprehensive tree management plan for trimming and removal of trees that block sunlight - and thus restrict turf health in several key areas of the golf course – is a must for this property.

Images of EHGC cart paths and bridges showing some areas of cracking and surface damage that should be addressed.

Cart Paths and Bridges – The condition of the cart paths at EHGC is generally good, but localized areas will require attention as a yearly maintenance item to maintain high- quality service. Continual bridge repairs remain important at EHGC, and while several bridges have been repaired, several still remain in need of re-surfacing. A good quality and efficient cart path and bridge system can help enhance the appeal of a golf course facility by adding comfort to patrons, expanding the number of playable days (carts can go out when the course is wet), expanding the life of golf carts and improving the condition of the golf course playing area.
Irrigation – The golf course irrigation system is reported to be functioning properly and the District has invested in replacing aging irrigation heads and improving the irrigation control system (above-ground components). Longer term (beyond five years), the District should begin preparations for the replacement of original system piping (below ground component) that dates back to 1992. This investment will help improve pressure and coverage that is beginning to show signs of decline.

Areas of lake banks near greens complexes that show erosion and should be addressed, mostly through ongoing maintenance.

Lake Banks – The edges around lakes, especially close to greens complexes, remain a challenge for EHGC, although NGF notes significant improvement since our last inspection in 2019. Staff appears to be actively managing the edges and thus large- scale capital investment is not needed if maintenance staff can stay on top of it on a regular basis. One area of particular note is the large practice green in front of the clubhouse. While improving the lake banks on this practice green is not viewed by NGF as an urgent need, the location and visibility from the clubhouse makes this a project worthy of consideration (“nice to have” vs “need to have”).
Driving Range – The driving range at EHGC has limited teeing space and the result is a range tee area that is in poor overall condition from overuse. The addition of a new line of artificial turf mats should help to improve conditions, provided staff is active in requiring use of the mats at selected times that are defined and communicated to customers. The ideal tee space for a driving range is for 30 separate tee positions, thus allowing a new position each day and using a defined tee space only once per month. The landing area on the range is among the lowest areas on the property and drainage problems impact ball retrieval and the visual quality of targets that are preferred by golfers.

Images of the driving range tee area showing excessive wear, which should be improved with the new artificial turf tee mats.

Review of Ancillary Components
In addition to the golf course playing area, the NGF assessment of Eagle Harbor GC included a review of ancillary components that support golf operations, including:

Images of the small kitchen showing challenges in handling a large volume of restaurant / banquet) activity.

Clubhouse –Eagle Harbor GC has benefitted greatly from the clubhouse renovation, as the facility now has a more efficient layout along with new flooring, paint, fixtures and furniture, as well as added capacity and a modernized look. The most significant future investments to consider for this clubhouse include kitchen reconfiguration (or expansion) and storage capacity expansion. Staff reports the kitchen size does limit the ability to handle larger parties and banquets. Re-configuration should result in improved logistics and revenues.
Back of Clubhouse – As noted, EHGC clubhouse has limited storage capacity. As a result, staff is forced to improvise storage resulting in some unsightly outdoor storage in areas of the clubhouse that face adjacent residences. This may put added pressure on the EHGC to provide better organization and properly enclosed storage capacities.

Outdoor storage at EHGC in areas facing EH residences.

Cart Storage - The cart barn is a stand-alone 5,500 square-foot building located northwest of the clubhouse, with capacity to house the 74 carts needed for the EHGC operation. During our visit in 2021, NGF noted several holes in the walls and damage to insulation that should be considered for enhancement to help improve efficiency in the golf cart operation.

	
Photo of damaged insulation in the cart barn, an example of improvement needs to this facility.	
Other Golfer Support Amenities – EHGC has two on-course comfort stations (one on each 9 holes) that were each in good working order and providing adequate service. High-quality maintenance of these facilities should be a priority for EHGC to provide the level of on-course service that is consistent with public golf courses operating at the high end of the market in this area. The club has added a full-service water and ice station just outside the pro shop, which is currently using water jugs for service. A water connection and ice machine are recommended to complete this service.

	
Photo of the new ice and water service area for golfers just outside the pro shop.	
Maintenance Facility - The maintenance facility is the operations center of the golf course and this building houses all maintenance equipment. The maintenance facility is of adequate size and is providing the appropriate shelter for personnel and equipment. While the building could be improved, this is not seen as an essential need for the facility as it does not appear to significantly impact the operation. The improvement of the maintenance facility should be included as part of a long-term capital plan for EHGC (beyond the next 10-15 years).
Parking Lot – NGF observed that the parking still has significant cracking and potholes in some areas that should be repaired to provide the highest level of entrance appeal and match the overall quality of the golf course and clubhouse.

	
Some cracking that is mostly minor but should be addressed at some point in the capital plan.	

OPERATIONS OVERVIEW & RECOMMENDATIONS
The management and oversight structure that existed during our last study remains in place. Direct oversight of EHGC is provided by the Eagle Harbor CDD’s District Manager. The facility is still operated via full-service management agreement with Jacksonville-based Hampton Golf, which provides management and operations service for the facility for a monthly fee and reports to the District Board of Directors. This structure offers the CDD both centralized strategic oversight and on-site operations from a multi-facility management company that has a centralized office, dedicated sales office, high quality technology, and experienced golf staff that can be tapped for operational and/or maintenance expertise.
From an on-site operations standpoint, NGF observed that Hampton Golf continues to follow best business practices in operating, managing, marketing and maintaining Eagle Harbor GC. We note that a new General Manager that has a strong background in food & beverage operations, including with a large national chain, is now in place at EHGC, complementing the very strong golf, sales, and maintenance staff. As we will discuss more later, Eagle Harbor is clearly a golf facility that is on the right trajectory in terms of both physical assets and performance trends. As such, much of the NGF narrative that follows falls in the category of “keep doing what you’re doing.
Following are NGF summary observations regarding operations, with recommendations noted where applicable. Discussion is organized by these two main sections: 1.) Key Areas of Opportunity; 2.) Operations Summary – Other.

Key Areas of Opportunity
Fees and Charges

Daily Fee Golf Rates
Published or ‘rack’ rates for EHGC daily fee play are summarized in the following table. NGF observations follow the table.

Eagle Harbor GC Daily Green Fees (Non-resident)	
Eagle Harbor 18-Hole Golf Rates	
	Before 11AM	11:00AM-1:00PM	1:00-5:00	After 5:00	
Mon-Thur. Weekday	$45	$40	$35	$25	
Fri-Sat-Sun-Holiday	$60	$45	$35	$25	
Eagle Harbor 9-Hole Golf Rates	
	Before 11AM	11:00AM-1:00PM	1:00-4:00	After 4:00	
Mon-Thur. Weekday	$25	$25	$22.50	n/a	
Fri-Sat-Sun-Holiday	$25	$25	$22.50	n/a	
Rates do not include tax. After 5pm and 9-hole rates do include tax. Residents, military & seniors receive save $5 per 18-hole rate from 7am-1pm
Golf Plus rate is $25+ tax 2 pm to Close; Juniors $21.03+ tax per 18-holes & $13+ tax per 9-holes	

As we’ve observed in recent years, rack rates are not the sole indicator of market positioning in this golf market due to the prevalence of fee discounting, as well as the now market-established practice of dynamic pricing, whereby some clubs no longer post rates online and price green fees based on variable demand.
Consistent with its increased quality, including excellent course conditions, EHGC has raised rates in recent years, and now has a peak (non-resident / non-senior) green/cart fee of $60 for prime weekend morning rounds – less than key competitor Eagle Landing, which recently raised its highest ‘public’ fee to $69 ($59 locals /$54 residents). As we will see later when we discuss the competitive market, the top of the local daily fee market in terms of green fees remains about $75 to $85 for a peak season prime time round of golf at facilities such as St. Johns G&CC and Golf Club at South Hampton. (Based on current online rates on tee time booking engines as if late spring 2021).

NGF Discussion and Recommendations
Even with recent fee increases, Eagle Harbor still appears to be priced ‘below market’ based on its value proposition. The facility would seem to have ‘pricing power’ due to the steady facility improvements over the years, as well as the pandemic-related demand surge for golf. A golf facility is a high-fixed cost, low margin business, and savvy operators must take advantage of revenue generation for the most demanded tee times, especially at a club like Eagle Harbor that has 130+ golf members and thus a limited supply of ‘prime’ daily fee tee times.
Therefore, NGF concurs with the recommendation of Hampton Golf to move to a dynamic pricing model – increasingly in favor in the golf industry - for Eagle Harbor GC. Hampton Golf has reported that that enacting this practice at some of its other clubs has resulted in green/cart revenue of 10% to 15% higher. We recommend minimum and maximum fee parameters be established by Hampton Golf, in cooperation with District management. Given the improvement of the EHGC product over recent years, including the maturation of the Tif Eagle greens, and the fact that EHGC rack rates are now lower than at Eagle Landing and similar to those charged at facilities such as Eagle Magnolia Point and Julington Creek that NGF believes Eagle Harbor offers superior value to, we recommend that the maximum peak season, prime-time green/cart fee be as high as $75.
The resident discounts of 10% would remain in force.

Member Dues
Membership dues at Eagle Harbor have been held steady since 2018, when they were increased to $240 for the Golden Eagle Single and $280 for a Family ($15 and $25 increases, respectively, over prior). Single and Family Executive memberships had gone up by $20 and $30, respectively. Current member rates:

Eagle Harbor GC Member Fees (FY 2021)	
Monthly Fees	
Category	Golden Eagle	Executive1	Active Military	Junior2	
Single	$240	$200	$190	$99	
Family	$280	$240	$230	+$49 for each addtl.	
Cart Fees (per Player)	
9-Hole Cart	$13	18-Hole Cart	$21		
Half Trail Fees	
Pers. Cart Single Ann.	$1,500	Family Ann.	$2,000		
EH Cart Single Annual	$1,750	EH Single Ann.	$2,500		
Executive: under age 40
Junior: 15 and under	
EHGC golf membership offerings attract a very local following, with review of zip code data (2019 data; update not provided to NGF) showing about 77% of all members residing in the local Eagle Harbor zip code (32003), and only a handful of members coming from the Middleburg, Green Cove Springs and northern Orange Park areas. In 2019, the club reported having only two members that resided east of the St. Johns River.
These memberships have been very popular with players as a means of providing cost-efficient golf on an annual basis. EHGC data shows the average member (including ‘Range Plus’) playing about 61 times in FY19. Based on the highest daily fee rack rate of $60, total daily green fee revenue for 61 rounds would be $3,720, resulting in an implied discount of about 22% for single members. (Of course, this simple analysis assumes members are playing all of their rounds during prime time, but we are also likely significantly understating average rounds played for full golf members, since Range Plus is included when determining frequency).

Eagle Harbor GC Membership Analysis	
Memberships	FY2014	FY2015*	FY2016	FY2017	FY2018	FY2019	FY 2020	FY2021**	
Total Members	132	112	157	158	157	180	n/a	155	
Member Rounds	9,630	6,032	10,786	10,823	10,172	10,998	13,488	5,768	
Total Member Revenue	$404,035	$230,087	$398,070	$302,410	$293,478	$323,317	$363,410		
Avg. Rounds per Member	73.0	53.9	68.7	68.5	64.8	61.1	n/a	--	
Avg. Revenue per Member	$3,061	$2,054	$2,535	$1,914	$1,869	$1,796	n/a		
Revenue per Member Round	$41.96	$38.14	$36.91	$27.94	$28.85	$29.40	$26.94		
Source: Eagle Harbor GC.
*EHGC closed for 4 months in FY2015 for renovation. **October – February 2021 (5 months).	

NGF Discussion and Recommendations
Eagle Harbor management in the past told NGF that, due to the complexity of balancing demand for tee times (especially for most in-demand times, such as weekend mornings) among the public and members, EHGC was close to its capacity with just under 130 full golf members. Given increased demand due to a number of factors, including the pandemic, the number of full golf members has risen to 138 as of April 2021.
While Eagle Harbor dues appear within appropriate range given competitive pricing, there are couple of key factors – in addition to the need to balance daily fee play - that lead NGF to believe that moderate dues increases are justified and supportable:
Eagle Harbor GC offers a very strong product and, due to its very local membership (the strong majority of members reportedly live in the Eagle Harbor community), the club can probably charge a modest “convenience” premium without losing members to other clubs.
The club has a very active membership, which is expected when so many members live so close by. With daily fee rates on the rise (especially if higher rate is approved by the District under a dynamic pricing model), it makes sense for the dues to reflect at least the same multiple of the top daily fee rate than it did previously.
Based on the factors above, as well as the competitive marketplace and the current inflationary atmosphere, NGF recommends that the District and its manager consider dues increases of ±10%, and we believe these increases would be supportable. This would bring the Golden Eagle Single dues to about $265 per month and the Family dues to about $310, if the current fee relationship is maintained (family about 17% higher than single). We note that this NGF recommendation is based on our high-level analysis of the market and conclusion that EHGC is a market-leader for the west-of-river area; however, we defer, or course, to the on-the-ground manager, Hampton Golf, to determine optimal pricing.
This brings us to another consideration with regard to the dues structure. Fleming Island GC, Julington Creek, and Magnolia Point have family membership dues that average 38% higher than the commensurate single dues. At the other end of the spectrum, Eagle Landing, St. Johns, GC at South Hampton, and Cimarrone average 16.5% higher on family dues. (EHGC is currently at 16.7%, so clearly falls in line with the latter group). Based on the very local Eagle Harbor membership, thus making it very convenient for family members to use the membership, NGF recommends that Eagle Harbor management consider dues for Family memberships that are
±25% higher than Single dues.
Finally, NGF was told that management wants to institute a one-time Initiation Fee for new full golf members of Eagle Harbor GC. The policy would go into effect as early as July 1. With membership close to perceived full capacity and in high demand, NGF concurs with implementing the initiation fee. Current fees observed in the market include $1,500 at Cimarrone, $2,000 at South Hampton, and $3,500 at St. Johns. NGF believes an initiation fee at EHGC of $1,000 for Single and $1,500 for Family, is appropriate.

Food and Beverage Operations
The steady revenue growth of the Food & Beverage operation at EHGC slowed in FY20, interrupted by Covid-related closures and restrictions. The operation still exceeded $1 million in revenues and turned a profit, an impressive achievement given the steep decline in banquet revenue, from $345,000+ in FY19 to about $225,000 in FY20.
Hampton Golf’s commitment to direct selling and marketing continues for Talons, and the new General Manager has a very strong food & beverage background. Additionally, new staff, including a more experienced Chef and at least one new key position, Banquet Captain (more later), should make continued growth very achievable. Favorable trends continue: the percentage of total food and beverage revenues derived from non-golf patrons and activities continues to rise, owing to a strong product and greater awareness and engagement, especially among Eagle Harbor residents. Prior to the pandemic, Talons had become popular for wedding ceremonies (about 18 weddings in FY19) and receptions, as well as events such as sports banquets, baby showers, wedding showers, military retirements, and birthday parties.
However, as we’ve noted in previous studies, there are some inherent constraints that will limit revenue growth. For example, both kitchen size and inefficient layout, as well as seating capacity (150-person wedding is maximum, with 125 more comfortable and normal), preclude hosting the larger events. The entire facility can be rented and shut down to other customers to create higher capacity (including bar area and patio), but the revenue must be sufficiently high to justify doing so. Finally, the patio is very popular, which can be present service issues for the kitchen when there are events inside and a full patio on the same day.

NGF Recommendation:
It is evident to NGF that facility improvements, expert management, and aggressive direct sales efforts for banquets and other events have been key to the impressive turnaround for this new “profit center” at Eagle Harbor Golf Club. The current GM believes that the F&B operation has a ceiling of about $350K in banquets and about $1.0 million in basic revenue, for a total of about
$1.35 MM, under the current facilities. However, if kitchen were made more efficient through reconfiguration, as currently proposed, the revenue ceiling should be significantly higher.
Another key issue is at play at the time of this report. Many businesses in the hospitality and service industries are facing significant challenges in attracting and retaining labor, due to several factors that include extended federal unemployment benefits (expiring September 2021 in most states). The competition for labor has resulted in wage inflation; general inflation in prices for inputs has also taken hold, though perhaps temporarily. Our point is that, at least for the short term, managing margins in the Talons’ operation will require nimble navigation of current challenges (i.e., being able to cover rising labor and food costs without pricing some customers out).
In conclusion, NGF continues to see strong potential for revenue growth in Eagle Harbor’s F&B operations, despite current obstacles, and recommends that the District commit to continued improvement projects to expand efficiency and capacity. As of now, the challenge from an operational standpoint appears to be from the supply side rather than demand side. So, implementing the current kitchen reconfiguration plan to increase storage space and improve capacity, as well as investing in new equipment (e.g., a pizza oven) that will provide more menu flexibility in this era of rising costs, is necessary. Additionally, we believe the proposed improvements to the outside wedding venue will make the popular venue even more attractive. Hiring in a General Manager with extensive food & beverage experience was a great step, but he must be provided with the tools needed to take advantage of EHGC’s growing reputation in the market, and its substantial “fall-out-of-bed” market of 7,000+ homes.

Potential Longer-Term Revenue Opportunity
An idea under consideration by the CDD and Hampton Golf is to introduce a “golfertainment” aspect to the Eagle Harbor driving range, such Toptracer Range. Enhancing driving ranges to include technology elements (anything from launch monitors to interactive gaming a la Topgolf) is becoming increasingly common at golf courses across the U.S. as a means of increasing engagement – especially among millennials and non-golfers - and revenues (See previous discussion of Fleming Island GC’s Top of the Tee). These venues often include music and a food & beverage component, and are generally lighted for night use.
While presenting revenue potential, these types of venues do present risks, and are not a fit for all golf courses. First, there is a significant upfront investment even if only a handful of “technology bays” are added. Perhaps more important, the venues will, as noted, attract many non-golfers, some of whom will not be knowledgeable about etiquette and/or proper attire at the golf course. At Eagle Harbor, the driving range is at the center of everything, and golfers (including members and Rang Plus members) may be disturbed by any boisterous activity. In summary, this potential revenue opportunity is something to explore further to see if it can be done without being an overall detriment to the facility (perhaps make available only for nighttime use).

Operations Summary - Other
NGF observed that Hampton Golf continues to enact best practices with respect to marketing and direct selling, programing, organized activities, events and instruction. Following is a summary of key strategies, programs and activities, and staffing changes since our last study in 2019.
Marketing and Direct Selling
EHGC management and staff continue to aggressively market both golf and Talons, with a continued focus on the “fall out of bed” Eagle Harbor community. Summary observations of note in our 2021 review of marketing and selling activities:
Membership Marketing – Hampton Golf continues to focus on adding member benefits that enhance the overall value proposition of the membership, including numerous weekly and annual member-only discounts on merchandise and food & beverage, use of the member-only practice area, and member-only walking privileges.
Email – EHGC currently captures email addresses when golfers sign up via the website’s mailing list sign-up. The club also has access to Hampton Golf’s full database. These databases are utilized for targeted marketing, with periodic email blasts promoting specials and events.
Website – The dedicated eagleharborgc.com is well organized and includes all of the information that is important to high quality public golf facilities. Management actively tracks Search Engine Optimization (SEO) statistics. We note that more photos have been added since our last review, especially in the ‘Weddings’ section (includes a video also), emphasizing the quality and attractiveness of the venue.
Talons Marketing and Events – Strategies include aggressive direct selling, high- quality collateral pieces supporting weddings and other events, and ads in publications such as The District (“Eagle Harbor’s Official Neighborhood Connection”).
EHGC’s social media platforms are used to build awareness of events at Talons through regular postings. Talons has its own Facebook page, and a separate website is under development.

In addition to wedding ceremonies and receptions, baby & wedding showers, anniversary & birthday parties, sports banquets, etc., Talons hosts recurring monthly meetings for groups such as BNI, Rotary, C-12, Clay County Chamber of Commerce, Clay County Bar, and local business networking dinners.
Special events include Mother’s Day Brunch, Chef’s Weekend Feature, Taco Tuesday, Superbowl Watch Party, and Trivia Night (every Tuesday and Wednesday).
The Sales and Events Director regularly attends area wedding shows. A new Banquet Captain position has been added to free the S&E Director up to concentrate exclusively on sales.
Social Media – EHGC is active on Facebook, Instagram, and Twitter. These vehicles allow the club to do marketing at the facility level without going through the corporate office to advertise specials, post pictures, etc.
Organized Golf Activities
One of the keys to successful public golf operations and generating green fee revenue is the continued promotion and hosting of group activities such as leagues, outings and tournaments, as well as programs to develop new golfers. Eagle Harbor remains very active in both areas.

Tournaments and Leagues
Over many years of consulting experience, NGF has observed strong correlation between an active calendar of organized events with strong economic performance at public/semi-private golf facilities. These events tend to stimulate activity and encourage repeat play, generating more rounds per golfer than without the event calendar. NGF notes an active calendar with strong participation in leagues and tournaments at EHGC, all of which are actively promoted on site and on the facility website. Organized activities include:
Golf Associations – EHGC has active men’s and ladies golf associations, although a large portion of association members are members as well.
Tournaments and Outings: EHGC generated more than $95,000 in playing fee revenue in calendar year 2019 tourneys (includes some member events); these events also generated food & beverage and merchandise revenue. The largest outings included Superbowl Scramble (120 players), BASCA (136), Mercy Support Services (136), and Moosehaven (123). Most of these are recurring annual outings. In 2020, despite numerous cancellations due to the pandemic, more than $188,000 in total revenue was attributed to tournaments & outings. As noted in previous studies, hosting large events can be problematic for EHGC due to the displacement of members, so the club must get District Manager approval and is limited in the number of large golf events it can host each year.
Member Events: - In addition to the annual Eagle Harbor Club Championship and Invitational (member/guest), there are additional annual member tourneys, as well as recurring weekly events such as the Monday, Wednesday and Friday Eagles.
Other Events: Creative golf-themed events are becoming more and more popular with operators looking to make golf more fun for less committed golfers, including many young adults who want their recreation to be ‘experiential’. Examples at Eagle Harbor include:

The weekly 9-hole Thursday Scramble, which kicked off with a 9-hole Night Golf event in spring 2016. This event is held every Thursday during Daylight Savings Time.
One day a month in summer (and, often, in the shoulder seasons), ‘Balls & Beers’ is held at the driving range. Participants pay a small fee for this event, which features a keg and unlimited range balls for an hour, with an EHGC professional walking the range to provide quick lessons and tips.

Player Development and Programming
EHGC continues to be very active in player development and overall programming, with a strong focus on juniors and getting more involvement from the Eagle Harbor community (7,000+ residents). Research from NGF and other leading industry organizations confirms that golf, in order to combat the headwinds that have resulted in decreased participation (especially among young people), must become much more active and effective in player development and “onboarding” to get more people into the game; the same applies to programming to keep people engaged and retain them as golfers. Activating latent demand among groups that traditionally have shown low golf participation – such as women and minorities – is critical to golf’s future.
NGF notes that EHGC has very active player development and overall programming, so the recommendation is to continue building on what has been accomplished. One of the major initiatives to grow activity that NGF recommends is a young adult program (e.g., reduced rates for golfers age 18-29 on weekday afternoons). National NGF research (“Golf & the Millennial Generation”) has shown this to be a key demographic in growing golf activity. The 9-hole Thursday Scramble and Balls & Beers are great examples of the types of events that hold great promise for providing a golf experience to those millennials and other golfers that are less traditional with respect to the game.
EHGC staff, including the dedicated Director of Player Development, is doing an excellent job, as evidenced by the growth of the PGA Junior League Golf program. These and other programs are a great way to cultivate a new customer base within the Eagle Harbor community. Another key position is the new LPGA golf instructor that joined the EHGC team in the summer of 2020. She manages the PGA Junior League team, is active with women’s programming, assists with camps and clinics, and provides lessons.
Key elements (not exhaustive) of instruction, programming and player development at EHGC are:
Women’s Programming: EHGC continues to be proactive in increasing female participation, and this effort was bolstered with the addition of the female instructor added last summer. Programming includes events with JWGA, LPGA Golf 101, and the facilitation of leagues and other social events such as ‘9 & Dine’, which is a major “industry best practice”. The Friday Women’s Clinic has reportedly seen large growth.
Lessons and ‘Onboarding’: EHGC continues to place a high priority on lessons and programs in an effort to drive business to the facility and cultivate new customers for the future. Professional golf instruction is available seven days a week. Private instruction can be arranged by appointment, and a number of group clinics are scheduled throughout the week. The facility also facilitates adult beginner-oriented Get Golf Ready (PGA of America program).
Juniors: EHGC is very active with junior instruction and programming, including:
EHGC hosts four PGA Junior League Golf teams, totaling 48 kids.

EHGC is active with junior-oriented programs and events, including the Hurricane Junior Golf Tour, Florida Junior Tour, and North Florida Junior Tour.
Junior Clinics (age 3-17) are available throughout the year. (Through March of 2021, eleven clinics, totaling, 140 participants, had already been held this year, and 191 juniors participated in 2020, despite the pandemic). Summer Golf Camps are held Tuesday through Friday on select weeks from June to August, and include 3- day Pee Wee camps (ages 6-9), 4-day Junior (age 10+) camps, and 4-day Golf, Tennis & Swim.
The fun of the summer golf camps is being bolstered by ‘Operations 36’, a newly introduced program for beginning golfers ages 7 and above. Participants receive 8 practice sessions and 4 play days during the program. New students receive a starter pack that includes a bag tag to track their progress. All participants also get access to the Op36 mobile app that is used for training, self-training, and keeping track of their progress through the program (must shoot 36 from 25 yds out to graduate).
High School Teams – the boys’ and girls’ Ridgeview High School teams practice and play at EHGC from August 1 to October 15 each year. The St. Johns Country Day HS boys’ team (EHGC’s Director of Player Development is the coach) also practices and plays at the club during this period.
Staffing and Labor Expense Management
As in the past reports, NGF believes that the key goal going forward with respect to staffing and overall budgeting for EHGC should be to ensure that service levels are commensurate with the image and market position that the District and Hampton Golf have fought to attain through facility investment, expert course maintenance, and aggressive marketing and programming. Since our 2019 review, EHGC has hired a new General Manager with a very strong food & beverage background, as well as new Food & Beverage Manager and Food & Beverage Manager on Duty. Additionally, the ‘Banquet Captain’ position has been created to facilitate events and to free up the Sales and Events Director to concentrate fully on selling. NGF views all of these changes as positives for the overall operation. Having a GM with a food & beverage background is workable at EHGC only because very strong golf management staff, including the Director of Golf, is in place.
Total labor expense, which accounted for 54% of the total operating expense in FY2017 and FY2018, fell considerably to 43.7% in FY19 and then 40.6% in FY20 (likely due to Covid-related business closure and/or restrictions), well within industry standards, especially considering the large-scale F&B operation. We note that the FY22 budget shared with NGF includes a significant increase of about $277,000 in labor expense (including benefits), or about 20%, over FY21 budget. This projected increase is likely attributable to a number of factors, including rising wages, strong competition for workers, and additional staff that will help to fuel growth in food & beverage revenues.

FINANCIAL PERFORMANCE ANALYSIS
NGF has reviewed the rounds activity, membership, revenues and facility expense performance of EHGC for FY2019 and FY2020. Key findings are summarized below.

Rounds and Member Activity
EHGC has experienced a lot of positive momentum over the last couple of years, as a combination of facility investments, strong management, and market factors have resulted in large increases in rounds played. Annual rounds played, which averaged about 35,100 for the FY16 to FY18 period, increased by more than 4,500 in FY19, or 13%, and another 5,600+ rounds (14.3%) in FY20, aided by the pandemic-related lift felt throughout the industry. Overall, rounds have risen by more than 10,000, or 27.3%, over the two-year period. For context, previous data collected by NGF shows EHGC peaked at just under 48,000 rounds in FY2007, with a downward trend to a bottom of 30,400 in FY2013.
Based on Eagle Harbor’s market positioning and other factors, NGF has previously estimated a maximum yearly capacity of about 55,000 rounds, though this figure is likely not realistic given the current competitive dynamic in the market, and it would far exceed what management hopes to attain in consideration of golf course condition standards.
The number of members, including ‘Range Plus’ (formerly ‘Golf Plus’) continued its rebound, reaching a total of 180 in FY19, before falling dramatically with the decline in the Range Plus membership to 17 members by April 2021 (price increased from $49 to $74 and was not absorbable due to the small size of the range and other factors). On the other hand, the number of ‘Full’ golf members increased from 127 in FY19 to 138 by April 2021, attributable to very good course conditions, aggressive marketing & direct selling, and the positive demand effects from the pandemic. Eagle Harbor’s membership accounts for about 29% to 31% of total play, a number that has held steady since FY2013.

Eagle Harbor Golf Club
Rounds Played and Membership (FY2016 - FY2021*)	
	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021*	
Member	10,786	10,823	10,172	10,998	13,488	5,768	
Guest	25,231	23,710	24,648	28,337	31,489	10,995	
Total Rounds	36,017	34,533	34,820	39,335	44,977	16,763	
	
Total Members	157	158	157	180	n/a	155	
Rounds per Member	68.7	68.7	64.8	61.1	n/a	n/a	
Member Rounds % of Total	
29.9%	
31.3%	
29.2%	
28.0%	
30.0%	
34.4%	
Source: Eagle Harbor GC.
*October 2020 – February 2021 (5 months).	

Rounds Played FY2021 through February
A big question in the golf industry that will be answered as the year unfolds is how much of the Covid-19-induced demand surge – resulting from a combination of beginners, returning players, and higher frequency of play among existing golfers - will be retained in 2021. While it is still far too early to answer that question, year-over-year rounds played at EHGC in FY2021 are modestly ahead of the FY2020 pace through February.

Eagle Harbor Golf Club
Total Rounds Played 1st 5-Months (FY2019 – FY2021)	

FY2019	Oct	Nov	Dec	Jan	Feb	5-Month
Total	
	3,147	2,840	2,803	3,001	3,190	14,981	
FY2020	3,109	3,274	3,095	3,372	3,491	16,341	
FY2021	3,524	3,196	3,515	3,696	2,832	16,763	
Difference ’19 -‘21	377	356	712	695	-358	1,782	
Difference ’20 - ‘21	415	-78	420	324	-659	422	
Source: Eagle Harbor GC.	

Revenues
Revenue center performance was strong in FY19, with total revenues increasing by $366,000, or 13.4%. Leading the way for the overall increase were overall golf playing fees (daily green & cart fees + member dues), up by 25.5%, and food & beverage revenues, up by about $133,000, or 10.6%. From a percentage standpoint, merchandise sales grew at the highest clip, at 31.1%. For FY20, golf playing fees rose another 17.8%, but food & beverage sales, understandably, experienced a big decline of 23.3%; still, total facility revenue falling by only 2% and the food & beverage revenue center still producing $1.06 million in sales in a pandemic year are noteworthy achievements.
Overall, total revenues increased by about 82% between FY14, the last full fiscal year prior to facility renovations. F&B sales account for much of the increase, as they have more than tripled over pre-renovation levels.

Eagle Harbor Golf Club
Total Revenue (FY 2016 – FY 2020)	
Income	2016	2017	2018	2019	2020	
Member Fees / Dues	$312,264	$300,406	$289,873	$323,317	$363,410	
Green/Cart Fees	765,882	876,682	917,168	1,045,552	1,248,937	
Merchandise Sales	118,167	163,499	163,951	215,016	215,713	
Total F & B Sales	1,065,367	1,239,749	1,250,218	1,383,033	1,060,923	
Merchandise + F&B				1,598,050	1,276,636	
Rental Income	22,989	22,874	30,683	46,308	54,460	
Membership (Other)	85,806	2,004	3,605	3,917	4,989	
Misc. Income	42,533	92,759	66,008	70,394	75,864	
Total Revenue	$2,413,008	$2,697,972	$2,721,505	$3,087,538	$3,024,295	

Annual Change in Revenue	
116.30%	
11.81%	
0.87%	
13.45%	
-2.05%	
Source: Eagle Harbor GC.	

Average Revenue per Round
Analysis of average revenues continues to show that total revenue per round has entered an entirely new level since golf course and clubhouse improvements in 2015, with total facility average revenue per round exceeding $78.00 in each of the last three years, pre-pandemic (about 44% higher than the $54.53 generated in FY14). This increase has been driven by vastly higher food & beverage sales. Also of note for 2020 is that average green/cart fee revenue per guest round, which had been very steady and averaged just over $37 for the FY17 - FY19 period, rose by about 7% to $39.66 in FY20, and across far more rounds. The strong performance in this metric in FY20 is attributable to several factors, including active tee sheet management practices of EHGC staff, and a higher percentage of daily green fees sold at rack rates due to pricing power during the pandemic-fueled demand surge.

Eagle Harbor Golf Club
Average Revenue per Round FY2016 – FY2020	
	2016	2017	2018	2019	2020	
Total Members	157	158	157	180	180	
Member Rounds	6,032	10,786	10,823	10,998	13,488	
Guest/Daily Fee Rounds	12,829	25,231	23,710	28,337	31,489	
Total Rounds	36,017	34,533	34,820	39,335	44,977	
Average per Round						
Memb. Fees/Dues per Member	$5.57	$9.04	$8.63	$8.22	$8.08	
Green/Cart Fees per Guest Rd.	$33.75	$36.98	$37.21	$36.90	$39.66	
Merchandise Sales	$3.89	$4.73	$4.71	$5.47	$4.80	
Total F & B Sales	$28.97	$35.90	$35.91	$35.16	$23.59	
Rental Income	$0.64	$0.66	$0.88	$1.18	$1.21	
Membership (Other)	$2.38	$0.06	$0.10	$0.10	$0.11	
Misc. Income	$1.18	$2.69	$1.90	$1.79	$1.69	
Total Revenue per Round	$67.00	$78.13	$78.16	$78.49	$67.24	
Source: Eagle Harbor GC	

Food and Beverage Operation
The food & beverage operation at Eagle Harbor continued its impressive growth that began with completion of the clubhouse improvements in 2015, reaching just under $1.4 million in revenue (or just over $1.4 MM, with rental revenue included) in FY19, before being interrupted by the pandemic. Owing largely to a very high volume of “non-golf” business, the scale of EHGC’s F&B operation is far larger than that of the majority of public golf courses. NGF survey research indicates that the “standard” public golf facility produces ±$6 per round, including non-golfer related service, with approximately 40% cost of sales, not including labor. Typical margins for F&B at public golf courses, after labor expense, are less than 10%, though facilities with large scale banquet operations and/or a high volume of non-golf business (e.g., lunch, dinner) can have significantly higher margins (and also, potentially, much higher losses if not managed expertly).
Most important, the EHGC F&B operation has become profitable after years of large-scale losses, including more than ($400,000) in FY16, with significant improvement to a loss of about ($152,000) in FY17. Though segregated expenses for the food & beverage operation were not provided for FY18, management provided detailed revenues and expenses for both FY19 and FY20, when F&B generated positive net ordinary incomes (excluding rental revenue and miscellaneous income) of
$192,307 and $102,184, respectively – the latter occurring in a pandemic year. Profit margins were 13.9% and 9.6%, respectively, with the number in FY20 deflated somewhat by a $37,000+ non- recurring expense.
It is evident to NGF that facility improvements, expert management, and aggressive direct sales efforts for banquets and other events have been key to the impressive turnaround for this new “profit center” at Eagle Harbor Golf Club. At this writing, many businesses in the hospitality and service industries are facing new challenges in attracting and retaining labor, due to several factors that include extended federal unemployment benefits. The competition for labor has resulted in wage inflation, and general inflation in prices for inputs has also taken hold, though perhaps temporarily. Our point is that, at least for the short term, managing margins in the Talons operation will require nimble navigation of current challenges (e.g., being able to cover rising labor and food costs without pricing some customers out).

Expenses
Direct expenses to operate EHGC totaled about $2.45 million in FY2020, excluding cost of sales, depreciation, debt service (interest and principal), etc. Operating expenses have grown moderately at a compound annual growth rate of about 2% between FY17 and FY20. Total labor expense, which accounted for 54% of the total operating expense in FY2017 and FY2018, fell considerably to 43.7% in FY19 and then 40.6% in FY20 (likely due to Covid-related business closure and/or restrictions), well within industry standards, especially considering the large-scale F&B operation.
NGF continues to observe that Hampton Golf and the CDD to get excellent value out of EHGC’s maintenance staff, which maintains golf playing conditions to a high level and also each year manages in-house projects that would otherwise have to be contracted out.
Cost of Sales
Cost of goods sold at EHGC has been in line with accepted industry averages in its food and beverage area and pro shop in prior studies. Pro shop merchandise COS averaged 75% over several years, though it increased to about 79% in the subsequent years. F&B cost of sales was
±33% range for the last two years, down from about 40% in the prior few years.

Economic Performance Summary
The CDD’s continued investment in EHGC over the last 6 years or so has resulted in a large increase in overall facility revenues, which continued to grow through FY19, the year prior to the pandemic. Even the pandemic year did not slow down the operation much, with revenues down only 2% year-over-year. Most important, the total net loss on operations continued to trend down, with losses of only ($53,000) and ($8,900) during the last two fiscal years.
As we will see in the financial pro forma analysis, EHGC’s ability to reach what the District has defined as “Level 1” performance – revenues that cover basic operating expenses – should be achievable if annual rounds play stabilize at close to the 45,000 generated during the Covid-related demand surge in 2020. Perhaps profitability can be achieved at even lower rounds totals if expected revenue growth in the food & beverage operation comes to fruition and the District and Hampton Golf can continue to effectively control expense growth.

Eagle Harbor Golf Club Summary of Golf Facility Performance
FY2016 – FY2020	
	2016	2017	2018	2019	2020	
Total Operating Rev.	$2,413,008	$2,697,972	$2,721,505	$3,087,839	$3,024,295	
Less:						
Cost of Sales	$530,426	$588,262	$579,217	$704,764	$586,156	
Total Operating Exp.	$2,340,771	$2,301,271	$2,335,826	$2,436,526	$2,447,056	
Net Ordinary Income	($458,189)	($191,561)	($193,538)	($53,451)	($8,917)	

Less:	

$0 1	

$0 1	

$0 1	

$76,353	

0	
Depreciation						
Net After Depr.	($458,189)	($191,561)	($193,538)	($129,804)	($8,917)	

Other Income:	

$592,000	

$229,660	

$218,000	

$0		
Club Subsidy						
Total Other Income	$592,000	$229,660	$218,000	$0	$0	

Other Expense:						
Interest Expense	$221,760	$202,950	$182,820	$131,175	$138,603	
Bond Principal	$285,000	$285,000	$325,000	$339,167	$370,000	
Non-Recurring Cap.	$0	$0	$54,541	$0		
Other	$8,500	$36,128	$33,415	$0		
Total Other Expense	$515,260	$524,078	$595,776	$470,342	$508,603	
						
Net Other Income	$76,740	($294,418)	($377,776)	($470,342)	($508,603)	
						
Net Income	($381,449)	($485,979)	($571,314)	($600,146)	($517,520)	
Source: Eagle Harbor GC.
1 Depreciation for FY16-18 not available.	

Market Analysis Summary Findings
To assess potential market opportunities for Eagle Harbor Golf Club, NGF Consulting has analyzed the local Eagle Harbor area golf market, local demand/supply, and area golf facility competition, focusing on changes to the market since our last report to the District. Key findings are summarized below, following a discussion of national golf industry trends.

GOLF MARKET SUPPLY AND DEMAND INDICATORS
Below is a summary of key “external” factors that have the potential to affect the demand for golf, including NGF’s macro perspective of the U.S. golf industry. On a local/regional basis, the overview includes an analysis of basic demographic measures, as well as golf supply and demand indicators, that have the potential to affect green fee tolerances and the economic performance of public golf facilities.

National Golf Industry Overview
While some participation headwinds persisted for golf, the industry continued its macro stabilization trend over the 2016 – 2019 period. The game remains popular and has a deep well of interested prospects. While golf’s pay-for-play green fee revenues and other spending will always be vulnerable to outside forces such as weather and the economy, its chief challenge remains getting more of those non-golfers who express interest in playing (‘latent demand’) to actually give golf a try, and converting more beginners into committed participants. Though golf has had difficulty attracting and retaining young adults (i.e., Millennials), this segment continues to account for a large percentage of play and spending.
Golf received a strong boost in demand from the Covid-19 crisis in 2020. While preliminary research indicates that the net number of golfers has not changed markedly, about 3 million new golfers have joined the game, many lapsed golfers returned, and rounds activity by existing golfers increased significantly, due to many factors, not the least of which is the fact that golf is an outdoor activity that is conducive to social distancing. It will be up to golf’s stakeholders, including the major associations, course management companies, and those on the front lines – golf professionals, instructors, and other staff – to make sure that a strong percentage of new and reactivated golfers stick with the game once other leisure, recreation and entertainment activities become more widely accessible.
Key Trends in Demand
Participation - The national golfer number (defined as those people that had played at least one round of golf the prior 12 months) showed net attrition since 2012, declining by about ±1.2 million to 23.8 million people in both 2016 and 2017 before rebounding to 24.2 million in 2018,
24.3 million in 2019, and 24.8 million in 2020. Overall, the number of golfers has declined by nearly 6 million since peaking at 30.6 million in 2003. Research shows that this attrition was primarily among occasional/less committed golfers. However, the vast majority of “core” golfers remain in the game.
Rounds Played 2019-2021 – Nationally, 2019 rounds played (year-over-year) were up by 1.5%, while Florida was up by 0.5% and Jacksonville by 1.8%, according to Golf Datatech. Remarkably, rounds played in 2020 finished up by 13.9% over 2019, with Florida up by 6.9%, despite Covid-related shutdowns for much of March and April. Through April of 2021, the demand surge has continued, with national rounds up 43.8% year-over-year, and Florida rounds up 13.8% (Appendix A tables). We note that some of this 2021 increase is due to the fact that most courses across the country were closed for significant parts of March and April, 2020.

Baby Boomer Effect and Generation G (the “Golf Generation”) – As Baby Boomers age and retire over the next 15 years or so, we expect to see a measurable increase in total rounds played in the U.S. Boomers - born between 1946 and 1964 - are currently 56 to 75 years old. About 6 million of them are golfers; that’s approximately 1/4 of all golfers, and they currently play about 1/3 of all rounds. While not technically a generation, the 46-65 age cohort is the most vital group for the golf industry, accounting for the most golfers, rounds and spend in the industry – more than $9 billion in total annually. Gen G includes younger Boomers and older members of Generation X.
Golf Course Supply
The number of course closures outweighed new openings for 14 consecutive years during the ongoing balancing of supply and demand. According to NGF data, since the market correction in golf course supply began in 2006, there has been a 10% cumulative reduction of U.S. golf courses in terms of 18-hole equivalents (18HEQ). In 2019 there were 279.5 permanent closures (18HEQ), about 40% higher than the level experienced in the prior two years. The demand for land to develop residential and commercial real estate is influencing the supply correction in golf.
Closures, which tend to be more value-oriented, public facilities in the best-supplied areas, slowed down dramatically in 2020, perhaps due to the demand lift from the pandemic.
Other Measures of Health
Other metrics to consider when measuring the health and trajectory of golf include:
Investment in Facilities: Investment in major renovation projects has replaced new construction as the largest source of U.S. golf course development activity. NGF tracked more than 1,200 major renovations completed since 2006, totaling ~$3.75 billion in spending.
Increasing Diversity: The junior golf population showed moderate attrition, dropping from 2.7 million in 2017 to 2.5 million in both 2018 and 2019. Junior golfers continue to show a transformation in diversity. About 34% of golfers age 6-17 are females, up from 17% in 1995 (23% of all golfers are women). Also, about 1 in 4 junior golfers are non-Caucasian, up from only 6% in 1995. A similar trend is observed among young adult (18-34) golfers, of which about a quarter are female and a quarter non-Caucasian.
Beginners: The number of beginners rose to a record 2.6 million in 2017 and 2018, surpassing the record set in 2016 and representing an increase of about 600,000 since 2014 (beginners fell slightly to 2.5 million in 2019). The last two years have set records and exceeded the year 2000, when Tiger Woods was in his prime and drawing newcomers to the game in unprecedented numbers. About 35% of beginning golfers are women, and 26% are non-Caucasian (compares to 18% of total golf population).
Off-Course Participation: Driven primarily by the popularity and growth of Topgolf, a non- traditional form of golf entertainment, there were an estimated 23 million off-course participants (only those activities that involve hitting a ball with a golf club) in 2019, up by 2 million from 2017. In 2020, the number grew to 24.3 million, nearly half of whom did not play on a golf course.
Latent Demand: Overall interest in playing golf remains very high. NGF survey research indicates that the number of non-golfers who say they are “very interested” in taking up golf – which had doubled between 2014 and 2018 (CAGR of ±15%), increased by an additional 1 million in 2019 to
million people, and in 2020 to just under 17 million, as many beginners were drawn to golf during the pandemic.

National Golf Industry Overview Summary – Potential Implications for EHGC
It is difficult to conclude how the national trends discussed above will affect any particular golf course, as we cannot definitively predict which, if any, of these trends will continue. On balance, however, we believe that a continuation in the growth of beginning golfers, successful activation of the large cohort of non-golfers that have expressed interest in playing (“latent demand”) by golf operators and organizations such as National Golf Foundation (through its “Welcome2Golf” program), and the continued golf course supply correction towards equilibrium should have a positive effect on golf courses such as EHGC.
In terms of the potential long-term impacts of the Covid-19 pandemic, it is too soon to tell what, if any, lasting effects on golf participation and demand will be. With less competition from other sports and activities, the pandemic, at least in the short term, has had a very positive effect on golf demand, with a significant rise in new and returning golfers manifesting in fuller tee sheets across the U.S. Of course, those facilities with large food & beverage/banquet operations – such as Eagle Harbor GC - suffered the most, though reduction in expenses has helped to somewhat mitigate loss in revenue.

Local Market Golf Supply and Demand Summary
To assess potential market opportunities to increase rounds and and/or fees at EHGC, the environment in which the facility will operate must be understood. Therefore, it is helpful to examine local economic and demographic factors that have the potential to impact rounds played and fee tolerances. Below we provide a review of the area’s demographics, as well as an overview of key golf market demand and supply indicators, and a summary of changes to the competitive market for EHGC. This information is derived from the NGF Demand Model (based on ongoing NGF golf participation research), NGF U.S. Golf Facilities Database, and NGF Golf Market Analysis Platform (GolfMAP). See Appendix B.
Demographics & Golf Demand
There are an estimated 357,500 people residing within 10 miles of EHGC in 2019. The 10-mile market is expected to add nearly 34,000 new residents between 2019 and 2024, while the Jacksonville CBSA is expected to grow by more than 140,000 net new residents over that time period. Projected 5-year growth rates in the subject markets are between 2.5 and 3 times the projected national rate of growth over that period.
Median household income in the “fall out of bed” 2-mile market is $96,051, or about 51% higher than the corresponding national figure of $63,709. At 44.7 years, the median age is also considerably higher than the national media of 38.3 years. Both income and age correlate positively with golf participation and frequency, except among the very elderly.
NGF proprietary golf demand indices for the Jacksonville CBSA overall and the local Eagle Harbor area indicate about 21,600 golfing households within 10 miles, and just under 90,000 in greater Jacksonville.
Golf participation rate: Household golf participation rates in the 2-mile and 10-mile submarkets are 49% and 18% higher, respectively, than the national participation rate of 13.6%, attributable largely to factors such as high relative income and age profiles that are predictive of strong golf participation. The golfers in these markets are estimated to demand 36% and 6% more annual rounds of golf than the U.S. benchmarks for these measures.

Though tourism was greatly muted for obvious reasons in 2020, there are about 5 million overnight visitors to Duval County each year. These visitors contribute significantly to golf course activity in the overall region. NGF research shows that roughly one-third of all golfers participate in the activity while traveling, playing 0.557 rounds per day of travel. Based on current golf participation rates, the estimate for total tourist golf rounds in the broader Jacksonville market is 75,000 to 100,000 rounds annually. Though Orange Park/Clay County might capture only a small proportion of these incremental rounds from visiting golfers, it is nonetheless important for EHGC to maintain a strong marketing presence, especially through digital/website channels, as a couple of thousand visitor rounds could make a big difference in the bottom line.
People who express an interest in playing golf but have not yet started include former golfers (gave it up), and those who have never tried. The demographic profile of latent demand tends to be more female and younger than the population as a whole. Surveys show these golf-interested non-golfers cite several barriers to entry in golf, including the cost and social aspects (no one to play with). NGF estimates 3,300+ interested non- golfers in the 2-mile market (including many within Eagle Harbor). EHGC management should continue to create new programming aimed at inviting and “onboarding” prospective new golfers, especially within the captive market of Eagle Harbor.
Golf Supply
There are seven total golf facilities, totaling 126 holes, within ten miles of Eagle Harbor GC, including five that are public or semi-private. Several other facilities lie just outside the 10-mile radial. The 20-mile market is home to 25 facilities (17 public), totaling 432 holes. The primary 10-mile trade area has about 2.5 times as many golfing households per 18 holes of golf (both total and public) than the national benchmark.
A Lennar golf community – Stillwater - with more than 500 age-restricted single- and multi-family homes includes an 18-hole golf course designed by Bobby Weed and scheduled to open October 1. The private club, located between Longleaf Pine Parkway and Greenbriar Road (CR 210), will include “bundled golf”; membership to the golf club comes with home purchase. The driving range at Stillwater will included Toptracer.

COMPETITIVE GOLF MARKET
The charts shown in Appendix C illustrate summary information for EHGC and those public/ semi- private facilities that have been identified as the facility’s primary and secondary competitors. The charts show summary rounds played estimates, member fee, and daily fee information for each facility profiled. The bullet points below summarize NGF key findings, focusing on changes to the market since our previous review in mid-2019.
Though some of the competitive courses did not share actual rounds played data for FY20, all indicated having a very strong year, with play up year-over-year by 10% to 15% (or even more in a couple of cases) during 2020, despite pandemic-related closures for parts of February and March.
Based on current online rates during the late spring of 2021, the top of the local daily fee market remains about $75 to $85 for a peak season prime time round of golf at facilities such as St. Johns G&CC and Golf Club at South Hampton. ‘Rack’ green fee rates are now uncommon to find on facility websites due to dynamic pricing. However, it is evident that clubs have more pricing power, at least since the golf courses reopened in April 2020. Still, there continue to be several ways for value-conscious golfers in this market to attain discounted rates – especially for off-peak times – through third-party sites such as Golfnow and Teeoff.com.

The South Village CDD’s Eagle Landing Golf Club, the City of Jacksonville’s Bent Creek Golf Course, and the Golf Club at Fleming Island continue to be the most direct competitors to EHGC. The semi-private clubs located east of the St. John’s River – especially Golf Club at South Hampton and St. Johns Golf & Country Club - remain secondary competitors, especially for golfers living in St. Johns and Duval counties. Bent Creek, St Johns, South Hampton, and Eagle Landing remain the most active clubs in the market, with estimated annual rounds in the upper 40,000s to as high as the mid- 50,000s during the pandemic-fueled 2020.
Eagle Landing GC, managed by Troon’s Honours Golf Division, has been improving the golf course and clubhouse in recent years. The SVCDD has shown a willingness to invest in Eagle Landing since its acquisition, through several sources of capital that include mandatory $500 social membership for new residents (provides about $40K -
$50K per year) and yearly capital assessments for HOA members.
Golf course improvements have included rebuilding of all bunkers, extensive cart path and curbing work, enhancements to the driving range, landscaping and general cleaning up (brush, secondary rough, etc.). The clubhouse has also had a refreshing. Improvements seem to be bearing fruit, as the facility hosted about 55,000 rounds in 2020 despite increasing its tee time interval from 8 to 10 minutes. (This was reportedly achieved with a much higher percentage of rounds sold at rack rates). Though still operating in the red, financials are improving, thanks in part to a food & beverage operation that has grown from about $740K to $1.2 million since the CDD acquired the facility.
Though Eagle Landing continues to offer special golf / food & beverage packages (e.g., breakfast, lunch & beverage specials are available Monday-Friday for a $9 fee at check-in), management is getting away from the strategy of offering packages and discounting fees to drive volume. (The policy of full-priced weekend rounds including a draft beer or non-alcoholic beverage on Saturday and Sunday mornings will not be available next fiscal year). ELGC’s 5-county resident green fee has increased by $10 over the last several years to the current $59 (local residents $54) on weekend mornings.
Eagle Landing has a variety of frequent player programs, as well as an unlimited play membership, with about 150 full golf members reported to NGF.
Fleming Island Golf Club, the most proximate public golf course to EHGC, has introduced a new golf entertainment amenity at its driving range, “Top of the Tee”. It includes10 covered hitting bays with Toptracer technology and high-top table and chairs. The new venue features the air-conditioned TeeHouse Bar, with tables, couches, and multiple TV’s. The venue and driving range will be lighted for night use. Bay rentals by the hour are $18 single / $28 2-4 players before 4pm, and $38 after 4pm (1-4 players). Programming will include contests such as Closest to the Pin, Longest Drive, Points Games, Virtual Golf, Approach Games, Weekly & Monthly Challenges (including now-current ‘9ShotChallenge for the US Open’.
Bent Creek GC, managed by Indigo Golf, is currently renovating its greens and operating with temporary greens, reportedly after experiencing trouble with them. The work is intended to “restore the greens to their prime conditions and size, increasing playability and consistency”. Bent Creek is offering a new unlimited play membership, the Creek Card (replaces Casper Card). It is their first unlimited play membership that is all-inclusive with no exclusions.

St. Johns G&CC recently completed a $2.5 million clubhouse renovation that includes the Bridge at St. Johns restaurant, expanded kitchen, new reception hall, large event lawn, outdoor patio bar and a deck overlooking a lake and the 18th hole. The restaurant and dining area now have a greatly expanded seating capacity of about 300. The new flexible-space banquet hall will allow the club to facilitate large non-golf events such as weddings at the same time that golf events are being held.

Eagle Harbor GC Facility Improvement Plan
The CDD continues to invest in the Eagle Harbor Golf Club property, after investing multiple millions in the mid-2010s (e.g., new Tif Eagle greens). Notable improvements completed since NGF’s last visit include, but are not limited to:
Ongoing refreshing of the clubhouse interior, as well as new A/C units
New kitchen equipment
Addition of an artificial mat line to the driving range
Enhancements to the short game practice area
Bunker renovations
New tee markers
Hole #14 repair and beautification
New patio awning (on order at this writing).
NGF is impressed with this ongoing commitment of the District to continually improving Eagle Harbor Golf Club. We believe this strategy is critical to retaining and building the club’s reputation and market share, and correlates to success, as borne out by results of NGF’s 2019 municipal golf survey (one key finding was that “spend money to make money” is a truism in most cases). Of course, the presence of a golf club in top condition has other benefits to the EH community, such as enhancing quality of life for residents and bolstering home values (i.e., the golf ‘premium’).
Making new investment in Eagle Harbor GC to address some of the areas of concern documented earlier in this report will allow the facility to maintain its status as the premier public-access golf facility in the local Fleming Island / Orange Park market. Using basic industry accepted cost inputs, as well as information provided by CDD and golf course staff, NGF provides the following preliminary estimates for the cost to address the key issued identified by NGF for the current fiscal year (FY2021), the short/intermediate-term (FY22 – FY25), and longer-term (FY26 through FY30).
We have placed EHGC improvement needs into two categories: (1) One-time, ongoing or recurring Maintenance and Repair projects that are costs of staying competitive and preserving the golf facility assets, and which should be incorporated into EHGC’s annual maintenance budget; and (2) Larger one-time Capital Improvements that should be paid for out of a maintenance reserve fund or other source(s). We note that some cost estimates were provided by the District or Hampton Golf, while others are solely from NGF. Finally, all costs are in 2021 dollars; at this writing, the U.S. is in a period of significant price inflation (perhaps transitory), particularly with respect to commodities and labor. There is obviously a possibility that this could be a persistent pattern, potentially affecting profit margin and the costs to complete improvement projects.

Maintenance and Repair Projects
Remainder FY 2021
Cart Path Repairs: Continual work to stay ahead on cart path repairs and fixes at an annual cost of $6,000.
Tree Root Pruning: Fixing large tree root intrusions. NGF estimated cost = $5,000 (Lump sum).
FY 2022 – FY 2025 or Annual Recurring
Cart Paths: Continual work to stay ahead on cart path repairs and fixes at an annual cost of $6,000.
Irrigation Repairs: Annual cost of $6,000 to replace irrigation heads as needed; fix drainage issues and extra maintenance on the pump station.
Tree Root Pruning: Continual work to fix large tree root intrusions. EHGC estimated annual cost = $5,000 (Lump sum).
Bridge Repairs: Repair two bridges, including at hole #4 and a larger one on back 9, at an average cost of $6,000 each. NGF estimated cost = $12,000 (2 bridges @
$6,000/each).
Environmentally Sensitive Area Maintenance: The sensitive areas on Holes #15 and #4 to be completed via contract with a third-party vendor at $14,000 per year.

Capital Expenditures & Projects
Remainder FY 2021
Kitchen Equipment and Improvements: The kitchen is too small to service all aspects of the substantial and growing F&B revenue center, including regular service and meetings/banquets. Management has put together a reorganization plan for kitchen and storage areas that adds more grill space, more cold and dry storage, and new equipment (e.g., walk-in cooler, ventilation hood for dishwashing area, perhaps a pizza oven) that will improve efficiency and provide more flexibility with the menu, allowing for preparation of food items with lower costs and higher margins. Pending plan finalization, we have included an “allowance” figure of $100,000 for new equipment and reorganization.
New Water Station / Ice Machine outside Pro Shop: Addition of this station should be a great benefit to golfers in terms of added value and better service, and also be a big service relief, resulting in more contented inside. EHGC estimated cost = $20,000 (work done in house).
FY 2022 – FY 2025
Driving Range Repair: Repair tee area, drainage; extensive work to landing area, including leveling/removal of current target “greens”. EHGC estimated cost = $175,000 for range improvements and drainage fixes.
Tee Renovation (Par-3 holes): The tee boxes of the par-3 holes are particularly beat up due to their small size. The renovation will resurface and enlarge them. EHGC estimated cost = $75,000 (lump sum).

Irrigation and Drainage Projects (holes #3 and #14): Additional surface/ subsurface drainage is needed to enhance the quality of the playing surface. EHGC estimated cost = $15,000.
Tree Trimming/Thinning: Trimming large trees and removing dead and dying trees is a priority for EHGC. EHGC estimated cost = $30,000 total.
Clubhouse Enhancements: Replacement of one additional A/C unit. NGF/District estimated cost = $10,000.
Bunkers: Renovation of 13 select greenside bunkers, including removal of large bunker on hole #13. The unit price for this improvement is about $5,500 per bunker and completed in-house. EHGC estimated cost = $71,500 (13 @ $5,500/ bunker).
Cart Barn Improvements: Complete basic repairs and upgrades to the 5,500-sf cart storage barn. NGF estimated cost = $33,000 (5,500sf @ $6/sf).
Parking Lot: Repair of parking lot (e.g., new asphalt surface) and addition of new lighting. EHGC estimated cost = $76,000 (38,000sf @ $2/sf) for new surface and striping + $24,000 for lighting.
Lake Bank Rebuild (holes #11, #14, and #16): Repair damage done by Nutria and general erosion. Estimated cost = $15,000 (3 @ $5,000 per hole).
Long-Term (Beyond FY 2025)
Outside Storage Unit: TBD; several options being considered, including utilizing unused space at “back of house”.
New Kitchen Cooking Equipment: Various pieces to improve service efficiency, menu flexibility. EHGC estimated cost = $45,000.
Irrigation System Renovation: The addition of a new piping and other below-ground fixes. EHGC estimated cost = $750,000 (lump sum in 2021 dollars). Assumed to be funded through a capital reserve savings plan of $150,000 per year through FY2025.
Lake Bank Improvements (Optional): Bulkhead inside and outside pond at the putting greens. EHGC estimated cost = $175,000 (Lump sum).

NGF Summary 10-Year Maintenance, Repair & Capital Improvement Plan
The tables below summarize the recommended programs presented above.
Maintenance and Repair Projects – FY 2021 – FY 2030

10-Year Maintenance and Repair Plan for Eagle Harbor Golf Club	
	Remainder FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY26-FY30	
FY 2021 Maintenance Projects							
Cart Path Repairs	$6,000						
Tree Root Pruning	$5,000						
FY2022 - FY2025 or Recurring							
Cart Path Repairs		$6,000	$6,000	$6,000	$6,000	$6,000	
Irrigation Repairs		$6,000	$6,000	$6,000	$6,000	$6,000	
Tree Root Pruning		$5,000	$5,000	$5,000	$5,000	$5,000	
Bridge Repairs			$12,000				
Environmental Area Maintenance		$14,000	$14,000	$14,000	$14,000	$14,000	
Annual Total	$11,000	$31,000	$43,000	$31,000	$31,000	$31,000	
							
Source: NGF Consulting and Eagle Harbor GC	

Capital Projects – FY 2021 – FY 2030

10-Year Capital Improvement Plan for Eagle Harbor Golf Club	
	Remainder FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY26-FY30	
FY 2021 Capital Projects							
Kitchen Equip. & Improvements	$100,000						
New Water/Ice Station	$20,000						
FY22 - FY25 Capital Projects				

$150,000			
Driving Range Repair		$175,000					
Tee Renovation	$75,000						
Irrigation and Drainage Projects	$15,000						
Tree Trimming/Thinning	$30,000						
Clubhouse A/C Unit Replace		$10,000					
Bunker Renovation		$33,000	$38,500				
Cart Barn Improvements			$33,000				
Parking Lot Improvements			$100,000				
Lake Bank Rebuild					$15,000		
FY26 - FY30 Capital Projects							
Outside storage unit for kitchen						TBD	
New Kitchen Cooking Equip.						$45,000	
Reserve for Irrigation Reno	$150,000	$150,000	$150,000		$150,000	Irrigation Proj.	
Base Annual Total	$390,000	$368,000	$321,500	$150,000	$165,000		
Bulkhead – Putting Greens (Optional)						$175,000	
Source: NGF Consulting and Eagle Harbor GC	

Projected Financial Performance (FY21–FY30)
NGF Consulting has created a cash flow model for EHGC, in consideration of actual facility performance in FY19 and FY20, as well as current and expected market conditions. Key assumptions are shown below.

BASIC ASSUMPTIONS
The overall regional and national economic condition continues to stabilize as the pandemic winds down, without any sizable increase or decline in the Jacksonville/ Orange Park area economy, employment, visitation, etc.
EHGC will continue to operate in similar fashion to today, with Hampton Golf retained via management agreement, and marketing, direct selling and programming activities as described in this report. The golf course will continue to be maintained in a top-rate manner, and improvements made as needed.
For purposes of conservatism, rounds played projections for FY21 are brought back to 43,000 from the Covid-related peak in 2020, and are held steady through FY30.
The number of “full-golf” members is projected to stabilize at 140 - a slight increase from the 138 reported to NGF as of April 2021 – for the 10-year period. Based on actual on recent results, we have assumed total member revenue to average $2,550 per full golf member in FY21, with a 2% annual increase through FY30.
The average “Daily Fee/Guest Green + Cart Fee” represents average green/cart revenue (incl. member cart fees) across total rounds, and is based on actual results YTD in FY20 plus the expectation of a higher average rate due to dynamic pricing. The average fee is $28.50 in FY21 and is projected to grow annually at 2% through 2030.
Food & beverage revenue projections (expressed as per-round average) for FY21, at
$32 per round, reflect an improvement over FY20, but not quite achieving results seen in FY19. The effects of the pandemic appear to be waning quickly at this writing, and there should be some pent-up demand for weddings, meetings, banquets, dining out, etc. However, to be conservative, we project it will be FY22 when revenue per round rebounds to $35. In subsequent years, we have assumed aggressive growth: 7.5% for FY24 and FY25; 5% for FY26; and, 3% for FY26 through FY30. NGF projected growth rates presume a number of factors: continued rebound from the pandemic; food & beverage operations expertise of the new General Manager, improved and expanded kitchen and other ongoing facility improvements; and, continued aggressive push by the Sales and Events Director to expand non-golf restaurant and banquet business.
Merchandise sales are assumed at $4.75 per round, reflecting recent results. Annual growth is 2% annually through FY30. Miscellaneous Income (incl. driving range, “other membership income”, and rentals) is assumed to be $2.75 per round in FY21 based on actual recent results, and is projected to increase by 2% per year through FY30.
Cost of goods sold (COGS) percentages for merchandise is held steady at 80% for the 10-year period, reflecting an average of the last several years’ experience. Food & beverage COGS is assumed to be 37.5% in FY21, falling to 35% for FY22 through FY30, to reflect current inflationary pressures.

Operating Expenses:
Estimated FY21 Labor Expense (all departments) is $1.4 million and is based on addition of new positions and expectations of significant inflation in costs. FY22 labor costs are assumed to be $1.63 million, as per the FY22 budget shared with NGF. Annual growth is projected at 2.25% annually FY23 through FY30. (Florida’s new minimum wage law, passed in 2020, stipulates a $1 increase to $10 on September 30, 2021, and subsequent annual $1 increases until the wage reaches
$15 in September 2026. It is unclear how this will affect EHGC based on its current pay scale).
Other Operating & Administrative Expenses (all departments), including management fees, is projected at $1.175 million in FY21, based on the last two completed fiscal years. FY22 other operating costs are assumed to be $1.2 million, as per the FY22 budget. We project 2.25% annual growth FY23 through FY30.

ESTIMATED FUTURE PERFORMANCE (FY 2021 – FY 2030)
NGF Consulting has utilized these assumptions to create the cash flow statement in the following exhibit. Each category of revenue has been listed separately. All figures have been rounded to the nearest $100 for simplicity.

Revenue and Expense Projection (FY 2021 – FY 2030)

Projected Revenue - Eagle Harbor Golf Club (FY 2021 – FY 2030)	
	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026	FY2027	FY2028	FY2029	FY2030	
Total Rounds Played	43,000	43,000	43,000	43,000	43,000	43,000	43,000	43,000	43,000	43,000	
Total Members	138	140	140	140	140	140	140	140	140	140	
Revenue per Round/Member											
DF/Guest Green + Cart Fees	$28.50	$29.21	$29.94	$30.69	$31.46	$32.25	$33.05	$33.88	$34.72	$35.59	
Memb. Rev. per member	$2,550	$2,601	$2,653	$2,706	$2,760	$2,815	$2,872	$2,929	$2,988	$3,047	
F & B (incl. Rental Income)	$30.00	$35.00	$37.63	$40.45	$42.47	$43.74	$45.06	$46.41	$47.34	$48.28	
Merchandise Sales	$5.00	$5.10	$5.20	$5.31	$5.41	$5.52	$5.63	$5.74	$5.86	$5.98	
Misc. Income (incl. Range)	$2.75	$3.00	$3.06	$3.12	$3.18	$3.25	$3.31	$3.38	$3.45	$3.51	
Revenues											
DF/Guest Green + Cart Fees	$1,225,500	$1,256,100	$1,287,500	$1,319,700	$1,352,700	$1,386,500	$1,421,200	$1,456,700	$1,493,200	$1,530,500	
Member Dues (per Member)	351,900	364,100	371,400	378,900	386,400	394,200	402,000	410,100	418,300	426,600	
F & B Sales	1,290,000	1,505,000	1,617,900	1,739,200	1,826,200	1,881,000	1,937,400	1,995,500	2,035,400	2,076,100	
Merchandise Sales	215,000	219,300	223,700	228,200	232,700	237,400	242,100	247,000	251,900	256,900	
Misc. Income (incl. Range)	118,300	129,000	131,600	134,200	136,900	139,600	142,400	145,300	148,200	151,100	
Total Revenue	$3,200,700	$3,473,500	$3,632,100	$3,800,200	$3,934,900	$4,038,700	$4,145,100	$4,254,600	$4,347,000	$4,441,200	

Food & Beverage COGS	
$483,800	
$526,800	
$566,300	
$608,700	
$639,200	
$658,400	
$678,100	
$698,400	
$712,400	
$726,600	
Merchandise COGS	$172,000	$175,400	$179,000	$182,600	$186,200	$189,900	$193,700	$197,600	$201,500	$205,500	
Total COGS	$655,800	$702,200	$745,300	$791,300	$825,400	$848,300	$871,800	$896,000	$913,900	$932,100	
Adjusted Gross Income	
$2,544,900	
$2,771,300	
$2,886,800	
$3,008,900	
$3,109,500	
$3,190,400	
$3,273,300	
$3,358,600	
$3,433,100	
$3,509,100	
Expenses											
Labor	$1,400,000	$1,630,000	$1,666,700	$1,704,200	$1,742,500	$1,781,700	$1,821,800	$1,862,800	$1,904,700	$1,947,600	
Other Operating & Admin.	$1,175,000	$1,200,000	$1,227,000	$1,254,600	$1,282,800	$1,311,700	$1,341,200	$1,371,400	$1,402,300	$1,433,900	
Total Expenses	$2,575,000	$2,830,000	$2,893,700	$2,958,800	$3,025,300	$3,093,400	$3,163,000	$3,234,200	$3,307,000	$3,381,500	

Net Ordinary Income	
($30,100)	
($58,700)	
($6,900)	
$50,100	
$84,200	
$97,000	
$110,300	
$124,400	
$126,100	
$127,600	

National Golf Foundation Consulting, Inc. – Eagle Harbor Golf Club 2021 Review – 38

Cash Flow Results – EHGC (FY 2021 – FY 2030)
The NGF Consulting preliminary cash flow projection shows that EHGC should produce about
$3.2 million in total gross operational revenue (all sources) in FY21, as things begin to “normalize” as the pandemic wanes. Even with stabilized rounds of 43,000, we are projecting fairly aggressive revenue growth resulting from moderate average annual increases in revenue inputs, continued aggressive marketing, strong management, and revenue constraints in F&B operations being lessened due to facility improvements (e.g., more kitchen space, enhanced wedding venue). We are projecting total revenue to grow to $3.93 million by FY25, and to $4.44 million by FY30.
Based on expense estimates prepared by NGF Consulting – influenced largely by Hampton Golf’s FY22 budget for Eagle Harbor - we project that EHGC will produce net ordinary income (before depreciation, maintenance reserve, debt and other “below the line” items) equating to a loss of about ($30,000) in FY21, growing to ($59,000) as expenses escalate in FY22. However, with assumed stabilization of expense growth, we project annual net ordinary income to turn to the positive and stabilize at $110,000 to $120,000 in the FY27 through FY30 period. Based on NGF inputs assumed for this model, including stabilized annual rounds played of 43,000, we expect to EHGC to be a break-even or moderately profitable operation, before capital, interest, and principal payments, by FY 2024 or FY 2025. If this level of performance were achieved or exceeded, EHGC should no longer need operating subsidies and may even be able to contribute to a maintenance reserve fund, but will likely continue to be unable to fund all interest expenses, bond principal payments, and other non- recurring and capital items.

Limiting Conditions
The income estimates presented in this report plan were prepared based on existing and projected market conditions, the quality of the subject facility and the intended segment of the golf market toward which it is oriented. Particular focus was paid to the actual performance trends of Eagle Harbor GC and to the market competitive environment. NGF is confident that growth in activity and revenue can be achieved at Eagle Harbor GC in light of recent facility and operational improvements. From a practical standpoint, those managing the facility will need to respond to variable market conditions (e.g., the global pandemic) as well as unforeseen maintenance needs.

National Golf Foundation Consulting, Inc. – Eagle Harbor Golf Club 2019 Review – 39

Appendices

APPENDIX A – NATIONAL ROUNDS PLAYED REPORT
APPENDIX B – LOCAL DEMOGRAPHIC, DEMAND, AND SUPPLY DATA APPENDIX C – PRIMARY COMPETITORS – SUMMARY INFORMATION

National Golf Foundation Consulting, Inc. – Eagle Harbor Golf Club 2021 Review – 40

APPENDIX A – NATIONAL ROUNDS PLAYED REPORT

APPENDIX B – LOCAL DEMOGRAPHIC, DEMAND, AND SUPPY DATA

Eagle Harbor Golf Club	2-mile ring	10-mile
ring	20-mile
ring	Jacksonville
CBSA	State of Florida	U.S.	
Summary Demographics							
Population 1990 Census	3,951	185,491	637,387	925,179	12,936,271	248,584,652	
Population 2000 Census	10,585	245,781	752,642	1,122,711	15,982,261	281,399,034	
CAGR 1990-2000	10.36%	2.85%	1.68%	1.95%	2.14%	1.25%	
Population 2010 Census	16,827	317,272	904,261	1,345,596	18,801,310	308,745,538	
CAGR 2000-2010	4.74%	2.59%	1.85%	1.83%	1.64%	0.93%	
Population Estimate 2019	17,833	357,567	1,033,997	1,533,791	21,378,054	328,252,472	
Population 2024 Projected	19,884	391,308	1,121,759	1,679,163	23,080,442	339,844,802	
CAGR 2019-2024	2.20%	1.82%	1.64%	1.83%	1.54%	0.70%	
CAGR 2010-2024	1.20%	1.51%	1.55%	1.59%	1.48%	0.69%	
Median HH Income (2019)	$96,051	$70,727	$60,002	$61,803	$56,454	$63,709	
Median Age (2019)	44.7	38.9	37.4	38.7	42.0	38.3	
Ethnicity							
White	85.5%	73.1%	63.9%	68.1%	72.5%	69.7%	
African American	5.8%	15.6%	24.7%	22.0%	17.0%	13.4%	
Asian	3.8%	4.8%	5.1%	4.3%	3.3%	6.0%	
All Other	4.9%	6.5%	6.2%	5.6%	7.2%	10.9%	
Hispanic Population							
Hispanic	7.5%	10.4%	9.8%	8.7%	25.1%	17.9%	
Not Hispanic	92.5%	89.6%	90.2%	91.3%	74.9%	82.1%	
CAGR = Compound Annual Growth Rate							

Eagle Harbor Golf Club	2-mile ring	10-mile
ring	20-mile
ring	Jacksonville
CBSA	State of Florida	
U.S.	
Golf Demand Indicators							
Total Households	8,093	134,349	415,009	619,964	8,559,427	128,476,935	
Number of Golfing Households	1,646	21,617	58,129	89,779	1,227,356	17,484,590	
Projected Golfing Households (2024)	1,749	22,931	61,033	94,949	1,280,498	18,258,060	
Projected Annual Growth Rate	1.20%	1.20%	1.00%	1.10%	0.90%	0.90%	
Seasonal Golfing Households	11	87	424	2,981	136,098	748,477	
Latent Demand/Interested Non-Golfers	3,332	51,724	155,946	224,377	3,251,619	47,425,600	
Household Participation Rate	20.30%	16.10%	14.00%	14.50%	14.30%	13.60%	
Number of Golfers	2,245	30,907	82,608	125,456	1,708,115	24,241,030	
Rounds Potential (resident golfers)	37,105	480,538	1,348,545	2,259,503	36,912,090	434,080,100	
Estimated Course Rounds (in-market supply)	40,750	265,568	933,922	2,019,108	41,653,590	434,084,100	
Demand Indices							
Golfing Household Participation Rate	149	118	103	106	105	100	
Seasonal Golfing Households	23	11	18	82	273	100	
Latent Demand/Interested Non-Golfers	106	102	104	101	105	100	
Rounds Potential per Household (resident golfers)	136	106	96	108	128	100	

Eagle Harbor Golf Club	2-mile ring	10-mile
ring	20-mile
ring	Jacksonville
CBSA	State of Florida	
U.S.	
Golf Supply							
Golf Facilities							
Total	1	7	25	52	982	14,604	
Public	1	5	17	32	590	10,896	
Public: Daily Fee	1	5	14	26	494	8,377	
Public: Municipal	0	0	3	6	96	2,519	
Private	0	2	8	20	392	3,708	
Public Golf Facilities by Price Point							
Premium (>$70)	0	0	4	7	142	1,428	
Standard ($40-$70)	1	5	9	17	251	4,081	
Value (<$40)	0	0	4	8	197	5,387	
Golf Holes							
Total	18	126	432	963	20,220	247,815	
Public	18	90	288	576	11,475	179,760	
Public: Daily Fee	18	90	234	459	9,594	137,760	
Public: Municipal	0	0	54	117	1,881	42,000	
Private	0	36	144	387	8,745	68,055	
Non-Regulation (Executive & Par-3)	0	0	9	9	2,934	19,872	
Net Change*							
Net Change in Holes past 5 years	0	0	-27	-9	-1,227	-14,346	
Percentage Total Holes Past 5 Yrs	0.00%	0.00%	-5.90%	0	0	-5.50%	
Net Change in Holes past 10 Years	0	-9	-54	-81	-1,659	-21,888	
Percentage Total Holes Past 10 Yrs	0.00%	-6.70%	-11.10%	0	0	-8.10%	
*Numbers may include courses under construction and temporarily closed at the end of the year.			

Eagle Harbor Golf Club	2-mile ring	10-mile
ring	20-mile
ring	Jacksonville
CBSA	State of Florida	U.S.	
Supply-Demand Ratios							
Households per 18 Holes							
Total	8,093	19,193	17,292	11,588	7,620	9,332	
Public	8,093	26,870	25,938	19,374	13,427	12,865	
Public: Daily Fee	8,093	26,870	31,924	24,312	16,059	16,787	
Public: Municipal	0	0	138,336	95,379	81,908	55,062	
Private	0	67,175	51,876	28,836	17,618	33,981	
Premium (>$70)	0	0	103,752	77,496	48,495	74,329	
Standard ($40-$70)	8,093	26,870	46,112	36,468	29,928	29,451	
Value (<$40)	0	0	138,336	88,566	48,911	32,978	
Golfing Households per 18 Holes							
Total	1,646	3,088	2,422	1,678	1,093	1,270	
Public	1,646	4,323	3,633	2,806	1,925	1,751	
Public: Daily Fee	1,646	4,323	4,471	3,521	2,303	2,285	
Public: Municipal	0	0	19,376	13,812	11,745	7,493	
Private	0	10,809	7,266	4,176	2,526	4,625	
Premium (>$70)	0	0	14,532	11,222	6,954	10,115	
Standard ($40-$70)	1,646	4,323	6,459	5,281	4,291	4,008	
Value (<$40)	0	0	19,376	12,826	7,013	4,488	
Household Indices							
Total	88	208	187	125	82	100	
Public	64	211	204	152	105	100	
Private	0	200	154	86	52	100	
Premium (>$70)	0	0	136	102	64	100	
Standard ($40-$70)	27	91	156	124	101	100	
Value (<$40)	0	0	435	278	154	100	
Golfing Household Indices							
Total	131	245	193	133	87	100	
Public	95	249	210	162	111	100	
Private	0	236	159	91	55	100	
Premium (>$70)	0	0	140	108	67	100	
Standard ($40-$70)	41	108	161	131	107	100	
Value (<$40)	0	0	448	296	162	100	
Rounds per 18 Holes							
Rounds Potential (resident golfers)	37,105	68,648	56,189	42,234	32,859	31,530	
Estimated Course Rounds (in-market supply)	40,750	37,938	38,913	37,740	37,080	31,530	

APPENDIX C – PRIMARY COMPETITORS – SUMMARY INFORMATION
The following table illustrates summary information for EHGC and a selected group of public/ semi-private golf facilities that NGF Consulting, with input from EHGC, has previously identified as the facility’s primary and secondary competitors.

Eagle Harbor Golf Club Competitors – Summary Information	

Golf Facility	
Location	
Type	
Year Open	
Par / Slope	
Front Tee / Back Tee	Location Relative
to Eagle Harbor1	
Eagle Harbor Golf Club	Fleming Island	18H-SP	1993	72 / 139	4,980 / 6,840	--	
The Golf Club at Fleming Island	Fleming Island	18H-SP	2000	71 / 127	4,623 / 6,664	1.5 mi NE	
Champions at Julington Creek	Jacksonville	18H-SP	1988	72 / 126	5,089 / 6,860	6.5 mi E	
Magnolia Point Golf and Country Club	Green Cove Springs	18H-SP2	1987	72 / 131	4,984 / 6,796	8 mi S	
Eagle Landing Golf Club	Orange Park	18H-MU	2006	72 / 137	5,142 / 7,037	8 mi NW	
Cimarrone Golf Club	Jacksonville	18H-SP	1989	72 / 140	4,704 / 6,891	10.5 mi SE	
The Golf Club at South Hampton	St. Augustine	18H-SP	2000	72 / 138	4,786 / 7,028	11 mi SE	
Bent Creek Golf Course	Jacksonville	18H-MU	1989	71 / 136	4,865 / 6,420	11.5 mi NW	
St. Johns Golf & Country Club	St. Augustine	18H-SP	2001	72 / 132	5,286 / 7,236	13 mi SE	
1. Air miles from subject site, rounded to half-mile; actual driving distances will likely be greater.	
2. One of the three nine-hole courses has closed.	
Type: DF – Daily Fee; MU – Municipal; SP – Semi-Private	

Fee and Rounds Played Information
The tables below show summary rounds played, member fee, and daily fee information for the courses listed above. The rates shown include cart and reflect “rack” rates (if published), or current rates reflected by online booking engine. Unless otherwise noted, rates reflect peak season rates. Twilight rates vary by time of the year.

Daily Fee Pricing (as of April 2021)	

Golf Facility	18-H Prime
Time Green Fee (WD/WE)	18-H Midday
Green Fee (WD/WE)	18-H Aft./Twi.
Green Fee (WD/WE)	9-H Green Fee (WD/WE)	Different
Seasonal Rack Rates (Y/N)	

Eagle Harbor Golf Club1	

M-TH $45 F-SU $60	
M-TH $40 11-
1pm; $35 -1-5pm F-SU $45 11-
1pm; $35 1-5pm	

$252 After 5pm	M-TH $252; 1pm+
$22.502
F-SU $30 before 11am; 11am-1pm+
$252 1pm+ $22.502	
Yes in April 2020 there were different prices	

The Golf Club at Fleming Island	$45/$454
$40/$404	
$35/$354	$30/$304
$25/$254 after 3pm	
DNA	
Dynamic pricing	
Champions at Julington Creek	$41-$47/$42-
$604	$33-$36/$33-
$364	$25-$29/$29-
$314	N/A	Dynamic pricing	
Magnolia Point Golf and C.C.	$50/$503	$24/$263	$19/$223	$14/$23	Online pricing	
Eagle Landing Golf Club	$49/$695	$49/$695	$28/$32 after 3pm	N/A	No	
Cimarrone Golf Club	$50/$614	$43/$484
$36/$414	$27/$274
$23/$234	N/A	Online pricing	

The Golf Club at South Hampton	
M-Th $59/ Fri
$69; WE $75 -
Before 10am	M-Th $49/ Fri &
$52 - 10am-noon M-Th $45 - Noon
- 3pm
Fri & WE $45 - 1pm-3pm	
Everyday 3pm- 4pm $35
Every day after 4pm $25	

N/A	

No	
Bent Creek Golf Course	$39/$496	DNA	$27/$306	$21/$30	No	
St. Johns Golf & Country Club	$61.60-
$66/$62-$854	$45.10/$544	$34.10/$364	$25/N/A	Dynamic pricing	
Residents, military & seniors receive save $5 per 18-hole rate from 7am-1pm
Rates include tax
Online booking system fees are all discounted. Midday and Aft./Twi rates shown here are discounted rates.
Current online booking rates. Dynamic Pricing in effect.
Fees shown are Public rates. Local Resident rates (residents of Baker, Clay, Duval, St. Johns and Putnam Counties). WD/WE before 12pm =$40/$59; WD/WE after 12pm = $32/$49
Champions Card: Peak $20/$30, Twi $14/14; Legend Card: Peak $14/$14, Twi $8/$8	N/A – Information not available DNA – Does not apply
WD - Weekday WE – Weekend	

Rounds Played and Membership Fees	

Golf Facility	Estimated 2020 Rounds	Initiation Fee (Full Golf)	Monthly Dues Single	Monthly Dues Family	Cart Fee (9H/18H)	

Eagle Harbor Golf Club1	
44,977	
DNA	Golden Eagle $240 Executive $200	Golden Eagle
$280
Executive $240	
$13/$21	

The Golf Club at Fleming Island	
36,000	
DNA	
$225	
$325	$20 per round	

Julington Creek Golf Club	
32,000	
DNA	Young prof. $290 (age 45 or younger) Boomer (57+) $305
Single $340 (46+56)	Young prof. $380 Boomer $405 Single $455	
Included	
Magnolia Point G&CC	30,000	DNA	$185	$250	N/A	

Eagle Landing Golf Club	
50,000	
DNA	Residents $189 Non-Residents $205	Residents $219 Non-Residents
$235	
$11/$20	

Cimarrone Golf Club2	
34,000	
$1,500	
$2002	
$2302	$20 per round	

The Golf Club at South Hampton1	

52,000	

$2,000	Ages 42-59: $240
Ages 25-41: $175
Ages 60-74: $220
Ages 75+: $200 Additional Golf Fee per person, per round 18H: $20.66 9H: $13.15	Ages 42-59: $295
Ages 25-41: $225
Ages 60-74: $275
Ages 75+: $270 Additional Golf Fee per person, per round 18H:
$20.66  9H: $13.15	

N/A	

Bent Creek Golf Course	
50,000	
N/A	Creek Card all- inclusive	
N/A	
DNA	
St. Johns Golf & Country Club	53,000	$3,500	$250	$296	$20 per round	
1. Rates do not include sales tax				DF – Daily fee		
2. Also offer ‘Executive Golf’ – unlimited weekend and after 2pm weekdays DST/1pm non-DST: $170 single/$200 family. Also ‘Weekday’ – unlimited M-F except for certain holidays; $170/$180	DNA – Does not apply	
	N/A – Information not available	

SEVENTH ORDER OF BUSINESS

EVALUATION
LANDSCAPE IRRIGATION MAINTENANCE SERVICES
at
THE CROSSINGS AT FLEMING ISLAND CDD

Em oooel	
Maximum
Points	

Tree Amigos	

Brightview	

Yellowstone	

(E.g., geographic locations of the finn's headquarters or office in relation to the project; adequacy and capabilities of key personnel, including the project manager and field supervisor; present ability to manage this project; evaluation of existing work load; proposed
staffing. levels, etc.)	

20	

20	

19	

19	
....		

(E.g., past record and experience of the respondent in similar projects; volume of work previously awarded to the firm; past perforrnance for other Community Development Districts in other conlracts; character, integrity,
and reputation of respondent, etc.)	

30	

30	

28	

26	
Tfn-"	-'I;.... of .rnn.. nf Worlc		
Does the proposal demonstrate an understanding
of	the   District's	needs   for	the services requested?	
20	
20	
19	
19	
Subjective total	70	70	66	64	
		
1Q paints. will be awarded to the Proposer submitting	the   lowest	total	proposal	for
completing the work. All other proposals will	30
receive a percentage of this amount based upon	

30	

24	

23	
the difference between the high and low
Qualified propo sal .					
TOTAL	100	100	90	87	
	
Facility Use does not change points	$400/mo	NIA	1,200/mo	
Vine eradication	$2,384/acre	labor rate	$28,720	

PRICE
Landscape and Irrigation Maintenance Services at
The Crossings at Fleming Island CDD

Price	
Company Name	Yearl	Year2	Year3	Total	Points	
Tree Amigos	$ 822,916	$ 822,916	$	839,374	$	2,485,206	30	
Brightview	$ 975,000	$ 975,000	$	1,004,250	$	2,954,250	24	
Yellowstone	$ 990,000	$ 990,000	$	1,019,700	$	2,999,700	24	
						
Points remain the same when factoring in renting the facilities			

!
l
I
'I

'

''

PRICE PROPOSAL FORM

LANDSCAPE AND IRRIGATION MAINTENANCE SERVICES
AT

'	Clay County, Florida

THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT

'

'	TO BE SUBMITTED TO:

'	2105 Harbor Lake Drive, Fleming Island, FL 32003

t	THE CROSSINGS AT FLEMING ISLAND
COMMUNITY  DEVELOPMENT DISTRICT
Attn:  Steve Andersen
t

•

'	on or before 2:00 P.M. EST, July 8, 2021
Submitted by: The Tree Amigos Outdoor Services, Inc. (Contractor)

•

I

t

•

In accordance with the "Project Manual, Landscape and Irrigation Maintenance Services for The Crossings at Fleming Island Community Development District", the Contractor submits the following:

t

•

Year	Monthly	Annual Total	
1	$68,576.32	$822,915.82	
2	$68 ,576.3 2	$822,915.82	
3	$69 ,947.85	$839.374 .14	

Total proposal sum for all services cover d in Project Manual:

►
•
►
A. Facility Use -Optional
Monthly Discount for using COD Facilities contained in Scope of Services section 2.6
.	$ 400.00.
►	b. Please specify what facilities you wish to use All facilities currently occupied by our existing operations.

►
•
•

PRICE PROPOSAL.FORM
L-t."\"DSCAR ANDDilUGATIOI< Sa	S!XTic:!&
AT
TR[    CllOSSl!\"'GS.\.T FIZM'.Il\'.G I.SL<. \ND c :o	Dn   UO  !PME\'T DlS'l'lUCt

Clay COl.'IDry, Florida

TO BE 'UBMl'l'TED TO :

TB! C'.&OSSIX'GS AT F1.lllr«t ISLM1>
Cmatt-mn'Dn tonmrrDmmcr
Attn: S.»,"l An.d.enen
2105 Harbor Lake Dm-e1   Ftemillg hf.and, FL 3?003
onor befor,e 2:00 P.M. EST, July &. 2021

!	submittedby:   	

Br_igtv__hi_e_Lwa_n_d_s-c_-. a_.p_eS_er_v_cie·s
(Cwttactor)

lnc__.	_

In accoldmce with the ject Manual, ladscape and Iniptioa Maimtenmce Services for The Cros1mgs at Flmimg hland Commlm.ity Darelopment D.isttkt"\ the: Contractor mbatits tlle follCI"\\     :

Total p10po5,1l for til senices coyered in Pr.ojec:t Maual:

Year	Maatlly	.. audTotal	
1	$81 2 50.00	$975,000.00	
2	$81,250.00	W75.DOO.OO	
3	S83.687.50	$1,004.25ll.OO	

A. Facilit)·Use -Optional
Mosrhly Disco,mt for usi_ng CDD Facilms contm!d il!l Scope of S,eni ces section.V5
$N.'A	
b_ Please	what &cilitiM you \\is.a to us,e.Ttc·stze llfthc t1cn1esis nat	   iM 11Y10UYt o-f spece-    Iii
Pff!Pffl/ ffllllnlln!tit CDmm.llftY. To add CD!llk:f ....attlB'enlUts llhGI r,w',Gle	lil!Nlce ·.ae WCUd llfW't&		IH,t al r:u k1ti.
- Etadicaiio11 am1cCllltilwed comrol of i..ines thmughaut Eagle Haibor $ "lt'ls W0Ukl neea10be C-111 case 11y C1111e- net..
An	aindJJans: yar:y, 11\1! •MJddft	a	ttdlMr	lnl;tia-'.Qm ;nLlcf'm1Ctff •wJI\ adlll)' rRfDr r
!rddlfn-remaw l.  •11111.fd "11dcw !Mmes., terrKMtom tecca,q:q;	1!!' 111ancsnat wt1t1 a1ang lmT! titll:lkkk	lft\!Cllt
nan
Contractor

PRICE PROPOSAL FORM

LANDSCAPE AND IRRIGATION MAINTENANCE SERVICES AT
THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT

Clay County, Florida TO BE SUBMITTED TO:
THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT
Attn:  Steve Andersen
2105 Harbor Lake Drive, Fleming Island, FL 32003 on or before 2:00 P.M. EST, July 8, 2021

Submitted by: ------    e.1...1....,...o..w...s...t.o.....,n.e...1 ...a..n....,d.s..c...a.+--pe_  _  _
(Contractor)

_ _ _

_ _ _

_ _ _

In accordance with the "Project Manual, Landscape and Irrigation Maintenance Services for The Crossings at Fleming Island Community Development District", the Contractor submits the following:

Total proposal sum for all services covered in Project Manual:

Year	Monthly	Annual Total	
1	q:_R? .SOO nn	$ggo.ooo oo	
2	$82,500.00	$990,000.00	
3	$84.975.00	$1.019.700.00	

Facility Use -Optional
Monthly Discount for using CDD Facilities contained in Scope of Services section 2.6
$ 	1 200.00	
Please specify what facilities you wish to use_  Al__Al  __av_il   abl_e	_

Eradication and continued control of vines throughout Eagle Harbor $--=2=8 7-=2c..:.0 	_

Blake Dougherty, Business Development Manager
Contractor

9

EIGHTH ORDER OF BUSINESS

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The Crossings at Fleming Island Community Development District Table of Contents
September 30, 2020

Page

Financial Section:
Independent Auditor's Report	1
Management's Discussion and Analysis	3
Financial Statements:
Government-Wide Financial Statements:
Statement of Net Position	8
Statement of Activities	9
Fund Financial Statements:
Balance Sheet - Governmental Funds	10
Statement of Revenues, Expenditures and Changes in Fund Balances -
Governmental Funds	11
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds
to the Statement of Activities	12
Statement of Revenues, Expenditures and Changes in Fund Balance -
Budget and Actual - General Fund	13
Statement of Net Position - Proprietary Funds	14
Statement of Revenues, Expenses and Changes in Net Position -
Proprietary Funds	15
Statement of Cash Flows - Proprietary Funds	16
Notes to Financial Statements	17
Compliance Section:
Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based On an Audit of Financial Statements
Performed in Accordance with Government Auditing Standards	29
Management Letter	31
Independent Auditor's Report on Compliance with the Requirements
of Section 218.415, Florida Statutes	35

INDEPENDENT AUDITOR'S REPORT

To the Board of Supervisors
The Crossings at Fleming Island Community Development District

934 North Magnolia Avenue, Suite 100
Orlando, Florida 32803
407-843-5406
www.mcdirmitdavis.com

Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the business-type activities, and each major fund of The Crossings at Fleming Island Community Development District (the “District”), as of and for the year ended September 30, 2020, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements
The District's management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting principles used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, and each major fund of the District as of September 30, 2020, and the respective changes in financial position and, where applicable, cash flows thereof and the respective budgetary comparison for the General Fund for the year then ended in accordance with accounting principles generally accepted in the United States of America.

the trusted partner

Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis starting on page 3, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued a report dated June 29, 2021, on our consideration of the District’s internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

Orlando, Florida
June 29, 2021

The Crossings at Fleming Island Community Development District
Management’s Discussion and Analysis

Our discussion and analysis of The Crossings at Fleming Island Community Development District (the “District”) financial accomplishments provide an overview of the District’s financial activities for the year ended September 30, 2020. Please read it in conjunction with the District’s Independent Auditor’s Report, financial statements and accompanying notes.

This information is being presented to provide additional information regarding the activities of the District and to meet the disclosure requirements of Government Accounting Standards Board Statement (GASB) No. 34, Basic Financial Statements - and Management’s Discussion and Analysis - for State and Local Governments issued June 1999.

Financial Highlights
The liabilities of the District exceeded its assets at September 30, 2020 by $16,350,417, an increase in net position of
$3,142,841 in comparison with the prior year.
At September 30, 2020, the District’s governmental funds reported a combined fund balance of $6,664,131, an increase of
$396,394 in comparison with the prior year.

Overview of the Financial Statements
This discussion and analysis is intended to serve as an introduction to The Crossings at Fleming Island Community Development District’s financial statements. The District’s financial statements comprise three components: 1) government-wide financial statements, 2) fund financial statements and 3) notes to financial statements.

Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all of the District’s assets, deferred outflows of resources, and liabilities, with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

Both of the government-wide financial statements distinguish functions of the District that are principally supported by assessments (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the District include general (administration, finance, and community services), physical environment (maintenance and operations) and culture and recreation. The business-type activities of the District include the Utility (water and sewer) and Golf Course operation.

Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has two fund categories: Governmental and Proprietary Funds.

Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

The Crossings at Fleming Island Community Development District
Management’s Discussion and Analysis

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains three individual governmental funds. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund balances for the general fund, debt service fund and capital projects fund, all of which are considered to be major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Proprietary Funds
The District maintains one type of proprietary fund: enterprise. The District maintains two enterprise funds. An enterprise fund is used to report the same functions presented as business-type activities in the government-wide financial statements. The District uses an enterprise fund to account for the operations of the water and sewer utility services and golf services within the District. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide information for the utility and golf funds, which are considered major funds.

Notes to Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

Government-Wide Financial Analysis
Statement of Net Position
The District’s net position was $(16,350,417) at September 30, 2020. The following analysis focuses on the net position of the District’s governmental activities.

Governmental Activities	Business-Type Activities	Total Primary Government
	2020	2019	2020	2019	2020	2019	
Assets:							
Current and other assets	$	7,111,050	$	6,650,197	$	5,376,352	$	4,925,116	$	12,487,402	$	11,575,313	
Capital assets, net	 	10,173,139	9,891,396	13,728,152	14,299,687	23,901,291	24,191,083	
Total assets	17,284,189	16,541,593	19,104,504	19,224,803	36,388,693	35,766,396	

Deferred Outflows:	
889,797	
927,417	
1,380,868	
1,465,844	
2,270,665	
2,393,261	

Liabilities:							
Current liabilities	968,461	939,413	6,234,533	5,782,510	7,202,994	6,721,923	
Long-term liabilities	24,214,115	26,136,034	23,592,666	24,794,958	47,806,781	50,930,992	
Total liabilities	25,182,576	27,075,447	29,827,199	30,577,468	55,009,775	57,652,915	
Net Position:
Net investment in capital assets	

(13,151,179)	

(15,317,221)	

(10,923,646)	

(11,124,427)	

(24,074,825)	

(26,441,648)	
Restricted	2,154,147	2,310,243	1,025,439	1,447,081	3,179,586	3,757,324	
Unrestricted	3,988,442	3,400,541	566,380	(209,475)	4,554,822	3,191,066	
Total net position	$	(7,008,590)	$	(9,606,437)	$	(9,331,827)	$	(9,886,821)	$ (16,340,417)	$ (19,493,258)	

The Crossings at Fleming Island Community Development District
Management’s Discussion and Analysis

Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

The following is a summary of the District’s governmental activities for the fiscal years ended September 30, 2020 and 2019.

Governmental Activities	Business-Type Activities	Total Primary Government
	2020	2019	2020	2019	2020	2019	
Revenues:					
Program revenues:					
Charges for services	$ 7,173,525	$ 7,286,360	$  9,234,362	$	9,027,404	$ 16,407,887	$ 16,313,764	
Operating grants and					
Contributions	32,202	74,188	-	-	32,202	74,188	
General revenues:					
Investment earnings	53,027	127,608	31,904	58,373	84,931	185,981	
Other	-	145,260	-	-	-	145,260	
Total revenues	7,258,754	7,633,416	9,266,266	9,085,777	16,525,020	16,719,193	
Expenses:					
Governmental activities:					
General government	253,074	213,048	-	-	253,074	213,048	
Physical environment	1,666,054	1,816,599	-	-	1,666,054	1,816,599	
Recreation	1,421,503	1,670,549	-	-	1,421,503	1,670,549	
Interest	1,309,696	1,379,314	-	-	1,309,696	1,379,314	
Business - type activities:					
Water and sewer	-	-	5,484,846	5,295,114	5,484,846	5,295,114	
Golf and restaurant	-	-	3,247,006	3,348,814	3,247,006	3,348,814	
Total expenses	4,650,327	5,079,510	8,731,852	8,643,928	13,382,179	13,723,438	
Increase (Decrease) in							
Net Position Before Transfers	2,608,427	2,553,906	534,414	441,849	3,142,841	2,995,755	
Transfers	(10,580)	-	10,580	-	-	-	
Increase (Decrease) in							
Net Position	2,597,847	2,553,906	544,994	441,849	3,142,841	2,995,755	
Net position, beginning	(9,606,437)	(12,160,343)	(9,886,821)	(10,328,670)	(19,493,258)	(22,489,013)	
Net position, end	$ (7,008,590)	$ (9,606,437)	$ (9,341,827)	$	(9,886,821)	$ (16,350,417)	$ (19,493,258)	

Governmental Activities
As noted above and in the statement of activities, the cost of all governmental activities during the year ended September 30, 2020 was $4,650,327. The majority of these costs are comprised of physical environment and recreation expenditures.

Business-Type Activities
The cost of the business-type activities was $8,731,852, a 1.0% increase from the prior year. The costs of those activities were paid for by charges for services, which accounted for 99% of total business-type revenues. Charges for services increased
$206,958 or 2.3% from the prior year.

The Crossings at Fleming Island Community Development District
Management’s Discussion and Analysis

Financial Analysis of the Government’s Funds
Governmental Funds
The District uses fund accounting to ensure and demonstrate compliance with finance related legal requirements. The focus of the District’s governmental funds is to provide information on near-term inflows, outflows and balances of spendable resources. Such information is useful in assessing the District’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. At September 30, 2020, the District’s governmental funds reported combined ending fund balances of $6,664,131. Of this total, $175,257 is nonspendable, $2,681,582 is restricted and $3,807,292 is unassigned.

The fund balance of the general fund increased $589,273, primarily due to assessments and charges for services in excess of expenditures. The debt service fund balance decreased $191,507 due to an increase in debt service payments more than the increase in assessment revenue. The capital projects fund balance decreased $1,372 due to a transfer out to the debt service fund.

Proprietary Funds
The District’s proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail.

The Water and Sewer Fund reported operating income of $1,675,727, which is an increase of $62,435 from the previous year. Of the total net position in the amount of $(7,370,908), $1,025,439 is restricted for renewal, replacement, and debt service.

The Golf Course Fund reported an operating loss of $96,729, which is a decrease of $34,113 from the previous year operating loss.

General Fund Budgetary Highlights
An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. There were no amendments to the September 30, 2020 general fund budget. The legal level of budgetary control is at the fund level.

Capital Asset and Debt Administration
Capital Assets
At September 30, 2020, the District had $23,901,291 invested in capital assets. More detailed information about the District’s capital assets is presented in the notes to the financial statements.

Governmental Activities	Business-Type Activities	Total Primary Government
	2020	2019	2020	2019	2020	2019	
Land	$ 2,298,612	$2,298,612	$ 3,599,131	$ 3,599,131	$ 5,897,743	$ 5,897,743	
Improvements and Equipment	11,393,565	10,770,521	107,569	107,569	11,501,134	10,878,090	
Water and Sewer Facilities	-	-	20,096,198	20,096,198	20,096,198	20,096,198	
Golf Course and Improvements	-	-	3,206,918	3,206,918	3,206,918	3,206,918	
Accumulated Depreciation	(3,519,038)	(3,177,737)	(13,281,664)	(12,710,129)	(16,800,702)	(15,887,866)	
Total	   $10,173,139	$9,891,396	$ 13,728,152	$14,299,687	$ 23,901,291	$ 24,191,083	

Capital Debt
At September 30, 2020, the District had $50,760,000 in bonds outstanding, including matured bonds payable of $2,440,000. More detailed information about the District’s capital debt is presented in the notes to the financial statements.

The Crossings at Fleming Island Community Development District
Management’s Discussion and Analysis

Economic Factors and Next Year’s Budget
It is difficult to predict what significant effect the current economic condition and the matured bonds payable will have on the financial position or results of operations of the District in fiscal year 2021.

Requests for Information
If you have questions about this report or need additional financial information, contact The Crossings at Fleming Island Community Development District’s Finance Department at 5385 N. Nob Hill Road, Sunrise, Florida 33351.

FINANCIAL STATEMENTS

The Crossings at Fleming Island Community Development District
Statement of Net Position
September 30, 2020

	Governmental
Activities		Business-type
Activities		
Total	
Assets:
Cash	
$	1,035,224		
$	781,321		
$	1,816,545	
Investments	3,160,225		2,892,242		6,052,467	
Internal balances	99,398		(99,398)		-	
Accounts receivable	45,164		123,621		168,785	
Inventories	39,871		95,680		135,551	
Prepaid costs	13,306		-		13,306	
Deposits Restricted assets:
Temporarily restricted investments	36,280

2,681,582		34,585

1,548,301		70,865

4,229,883	
Capital assets:						
Capital assets not being depreciated	2,298,612		3,599,131		5,897,743	
Capital assets being depreciated, net	7,874,527		10,129,021		18,003,548	
Total assets	17,284,189		19,104,504		36,388,693	
Deferred Outflows of Resources:						
Deferred amount on refunding	889,797		1,380,868		2,270,665	
Total Assets and Deferred Outflows of Resources	18,173,986		20,485,372		38,659,358	

Liabilities:
Accounts payable and accrued expenses	

234,159		

619,947		

854,106	
Accrued interest payable	521,542		497,594		1,019,136	
Matured bonds payable	-		2,440,000		2,440,000	
Matured interest payable	-		2,355,178		2,355,178	
Unearned revenue	198,787		51,926		250,713	
Customer deposits Noncurrent liabilities:
Due within one year	13,973

1,555,000		269,888

1,255,000		283,861

2,810,000	
Due in more than one year	22,659,115		22,337,666		44,996,781	
Total liabilities	25,182,576		29,827,199		55,009,775	

Net Position:
Net investment in capital assets	

(13,151,179)		

(10,923,646)		

(24,074,825)	
Restricted for:
Debt service	
2,154,147		
737,014		
2,891,161	
Renewal and replacement	-		288,425		288,425	
Unrestricted	3,988,442		556,380		4,544,822	
Total net position	$	(7,008,590)		$	(9,341,827)		$	(16,350,417)	

The Crossings at Fleming Island Community Development District
Statement of Activities
Year Ended September 30, 2020

	
Net (Expense) Revenue and Changes in Net
Program Revenue	Position	
	Charges	Operating Grants	Primary Government	
	for	and	Governmental	Business-type	
Functions/Programs	Expenses	
Services	Contributions	Activities	Activities	Total	
Governmental activities:		
	
General government	$	253,074	$	287,394	$	-	$	34,320	$	-	$	34,320	
Physical environment	1,666,054	
1,852,097	-	186,043	-	186,043	
Recreation	1,421,503	
1,992,089	-	570,586	-	570,586	
Interest on long-term debt	1,309,696	
3,041,945	32,202	1,764,451	-	1,764,451	
Total governmental activities	4,650,327	

7,173,525	32,202	2,555,400	-	2,555,400	

Business-type activities:		

	
Water and sewer	5,484,846	6,211,300	-	-	726,454	726,454	
Golf and restaurant	3,247,006	
3,023,062	-	-	(223,944)	(223,944)	
Total business-type activities	8,731,852	

9,234,362	-	-	502,510	502,510	
Total primary government	$	13,382,179	

$	16,407,887	$	32,202	2,555,400	502,510	3,057,910	
	
General Revenues:	

	
Investment and other income	53,027	31,904	84,931	
Transfers	
(10,580)	10,580	-	
Total general revenues and transfers	

 	42,447	42,484	84,931	
Change in net position	

2,597,847	544,994	3,142,841	
Net position, beginning	 	(9,606,437)	(9,886,821)	(19,493,258)	
Net position, ending	

$	(7,008,590)   $	(9,341,827) $ (16,350,417)	

The accompanying Notes to Financial Statements are an integral part of this statement	Page | 9

The Crossings at Fleming Island Community Development District
Balance Sheet - Governmental Funds
September 30, 2020

	

General	

Debt Service	
Capital Projects	Total Governmental
Funds	
Assets:
Cash	
$ 1,035,224	
$	-	
$	-	
$	1,035,224	
Investments	3,160,225	2,675,689	5,893	5,841,807	
Accounts receivable	45,164	-	-	45,164	
Inventory	39,871	-	-	39,871	
Prepaid costs	13,306	-	-	13,306	
Due from other funds	13,598	-	-	13,598	
Advance to other fund	85,800	-	-	85,800	
Deposits	36,280	-	-	36,280	

Total assets

Liabilities and Fund Balances:
Liabilities:

$ 4,429,468

$	2,675,689	$

5,893	$

7,111,050

Accounts payable and accrued expenses	$	234,159	$	-	$	-	$	234,159	
Unearned revenue	198,787	-	-	198,787	
Deposits	 	13,973	-	-	13,973	
Total liabilities	446,919	-	-	446,919	
Fund Balances: Nonspendable	
175,257	-	-	175,257	
Restricted for:
Debt service	
-	2,675,689	-	2,675,689	
Capital projects	-	-	5,893	5,893	
Unassigned	3,807,292	-	-	3,807,292	
Total fund balances	3,982,549	2,675,689	5,893	6,664,131	
Total liabilities and fund balances	$  4,429,468	$	2,675,689	$	5,893	
Amounts reported for governmental activities in the statement of net position are different because:		
Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds.	
10,173,139	
Deferred amounts on refunding are not financial resources and therefore are not reported in the funds.	889,797	
Liabilities not due and payable from current available resources are not reported in governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide statements.		
Accrued interest payable	(521,542)
Bonds payable	(24,214,115)	
(24,735,657)	
 	
Net Position of Governmental Activities	$	(7,008,590)

The Crossings at Fleming Island Community Development District
Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds
Year Ended September 30, 2020

	

General	

Debt Service	
Capital Projects	Total Governmental
Funds	
Revenues:
Special assessments	
$	3,713,669	
$	3,041,945	
$	-	
$	6,755,614	
Charges for services	417,911	-	-	417,911	
Investment and other income	 	53,027	32,144	58	85,229	
Total revenues	4,184,607	3,074,089	58	7,258,754	
Expenditures:
Current:
General government	215,454	-	-	215,454	
Physical environment	1,324,753	-	-	1,324,753	
Recreation	1,421,503	-	-	1,421,503	
Debt service:				
Interest	-	1,332,026	-	1,332,026	
Principal	-	1,935,000	-	1,935,000	
Capital outlay	623,044	-	-	623,044	
Total expenditures	 	3,584,754 	3,267,026 	- 	6,851,780
Excess (Deficit) of Revenues Over
Expenditures	599,853	(192,937)	58	406,974

Transfer in	-	1,430	-	1,430	
Transfer out	 	(10,580)	 	-	 	(1,430)	 	(12,010)	
Total other financing sources (uses)	(10,580)	1,430	(1,430)	(10,580)	

Net change in fund balances	
589,273	
(191,507)	
(1,372)	
396,394	
Fund balances, beginning of year	3,393,276	2,867,196	7,265	6,267,737	
Fund balances, end of year	$	3,982,549	$	2,675,689	$	5,893	$	6,664,131	

Other Financing Sources (Uses):

The Crossings at Fleming Island Community Development District
Reconciliation of the Statements of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities.
Year Ended September 30, 2020

Amounts reported for Governmental Activities in the Statement of Activities are different because:

Net Change in Fund Balances - total governmental funds		

$	396,394	
Governmental funds report outlays for capital assets as expenditures because such outlays use current financial resources; however, in the statement of net position the cost of those assets is recorded as capital assets.		

623,044	
Depreciation on capital assets is not recognized in the governmental fund statement; however, it is reported as an expense in the statement of activities.		
(341,301)	
Repayments of long-term liabilities are reported as expenditures in governmental funds, while repayments reduce long-term liabilities in the statement of net position.		
1,935,000	
Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.			
Change in accrued interest	35,411
Amortization of bond discount	(13,081)
Amortization of deferred amount on refunding	(37,620)		

(15,290)	

Change in Net Position of Governmental Activities	

 	
$	2,597,847	

The Crossings at Fleming Island Community Development District Statement of Revenues, Expenditures and Changes in Fund Balance Budget and Actual - General Fund
Year Ended September 30, 2020

Revenues:

 	Budgeted Amounts		 Original	Final

Actual Amounts

Variance with Final Budget
Positive (Negative)

Special assessments

$	3,695,680

$	3,695,680

$	3,713,669	$

17,989

Charges for services		460,000	460,000	417,911	(42,089) Investment and other income	 		53,000 		53,000 		53,027 		27
Total revenues	 	4,208,680 	4,208,680 	4,184,607 	(24,073)

Expenditures:
Current:	

	
General government	257,800	257,800	215,454	42,346	
Physical environment	1,389,456	1,389,456	1,324,753	
64,703	
Recreation	1,637,450	1,637,450	1,421,503	
215,947	
Capital Outlay	 	763,974	763,974	 	623,044	
140,930	
Total expenditures
Excess (Deficit) of Revenues Over	 	4,048,680	4,048,680	 	3,584,754	
463,926	
Expenditures	 	160,000	160,000	 	599,853	
439,853	
Other Financing Sources (Uses):				

	
Transfers out	 	(160,000)	(160,000)	 	(10,580)	149,420	
Total other financing sources (uses)	 	(160,000)	 	(160,000)	 	(10,580)	

 	149,420	
Net change in fund balance	-	-	589,273	

589,273	
Fund balance, beginning	 	3,393,276	3,393,276	 	3,393,276	

-	
Fund balance, ending	  $	3,393,276	$	3,393,276	$	3,982,549	

$	589,273	

The Crossings at Fleming Island Community Development District
Statement of Net Position - Proprietary Funds
September 30, 2020

Enterprise Funds

    Water and Sewer	Golf Course	Total
Assets
Current assets:		
Cash and cash equivalents	$	594,263		$	187,058		$	781,321	
Investments	4,345,742		94,801		4,440,543	
Accounts receivable, net	81,848		41,773		123,621	
Inventories	-		95,680		95,680	
Prepaid expenses and deposits	-		34,585		34,585	
Total current assets	5,021,853	453,897	5,475,750 Noncurrent assets:
Capital Assets:
Land and improvements	19,807,526		3,598,831		23,406,357	
Equipment and furniture	288,972		3,314,487		3,603,459	
Less accumulated depreciation	(11,366,080)		(1,915,584)		(13,281,664)	
Total noncurrent assets	8,730,418		4,997,734		13,728,152	
Total assets	13,752,271		5,451,631		19,203,902	
Deferred Outflows of Resources
Deferred amount on refunding	
 	1,380,868		
 	-		
 	1,380,868	
Total Assets and Deferred Outflow of Resources	15,133,139		5,451,631		20,584,770	
Liabilities
Current Liabilities:						
Accounts payable and accrued expenses	313,199	306,748	619,947	
Accrued interest payable	428,294	69,300	497,594	
Due to other funds	-	13,598	13,598	
Customer deposits	269,888	-	269,888	
Unearned revenue	-	51,926	51,926	
Matured interest payable	-	2,355,178	2,355,178	
Matured bonds payable	-	2,440,000	2,440,000	
Bonds, notes and loans payable	 	885,000	 	370,000	 	1,255,000	

Advance from other funds	-		85,800		85,800	
Bonds, notes and loans payable	 	20,607,666		 	1,730,000		 	22,337,666	
Total noncurrent liabilities	20,607,666		1,815,800		22,423,466	
Total liabilities	22,504,047		7,422,550		29,926,597	
Net Position
Net investment in capital assets	
(11,381,380)	
457,734	
(10,923,646)	
Restricted for debt service	737,014	-	737,014	
Restricted for other purposes	288,425	-	288,425	
Unrestricted	 	2,985,033	 	(2,428,653)	 	556,380	

Total current liabilities	 	1,896,381	 	5,606,750	 	7,503,131 Noncurrent Liabilities:

Total net position

$	(7,370,908)	$

(1,970,919)	$

(9,341,827)

The Crossings at Fleming Island Community Development District
Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds
Year Ended September 30, 2020

Enterprise Funds

	Water and Sewer	Golf Course	Total	
Revenues
Charges for Services	
$	6,211,300	
$	3,023,062	
$	9,234,362	
Total operating revenues	6,211,300	3,023,062	9,234,362	

Operating Expenses
Water and Sewer	

4,040,392	

-	

4,040,392	
Golf and Restaurant	-	3,043,437	3,043,437	
Depreciation	495,181	76,354	571,535	
Total Operating Expenses	4,535,573	3,119,791	7,655,364	
Operating income (loss)	 	1,675,727	(96,729)	1,578,998	

Nonoperating Revenues (Expenses)
Interest and Investment Revenue	

31,030	

874	

31,904	
Interest Expense	 	(949,273)	(127,215)	(1,076,488)	
Total nonoperating revenue (expenses)	 	(918,243)	(126,341)	(1,044,584)	
Income (loss) before transfers	757,484	(223,070)	534,414	
Transfers In	 	-	10,580	10,580	
Change in net position	757,484	(212,490)	544,994	
Total net position, beginning	 	(8,128,392)	(1,758,429)	(9,886,821)	
Total net position, ending	$	(7,370,908)	$	(1,970,919)	$	(9,341,827)	

The Crossings at Fleming Island Community Development District
Statement of Cash Flows - Proprietary Funds
Year Ended September 30, 2020

	Water
and Sewer	
Golf Course	
Total	
Cash Flows from Operating Activities:
Receipts from customers and users	
$	6,202,801	
$	3,005,462	
$	9,208,263	
Payments to suppliers of goods and services	(4,042,466)	(3,045,849)	(7,088,315)	
Net cash provided (used) by operating activities	2,160,335	(40,387)	2,119,948	
Cash Flows from Non-Capital Financing Activities:
Transfers (to)/from other funds
Net cash provided (used) by non-capital financing activities	
-
 	-	
10,580

10,580	
10,580

10,580	
Cash Flows from Capital and Related Financing Activities:
Principal paid on debt	
(865,000)		
-	(865,000)	
Interest paid on debt	(865,854)		-	(865,854)	
Net cash used by capital and related financing activities	(1,730,854)		-	(1,730,854)	
Cash Flows from Investing Activities:
Interest earnings	
31,030		
874	31,904	
Sale (Purchase) of Investments	(253,707)		5,252	(248,455)	
Net cash provided (used) by investing activities	(222,677)		6,126	(216,551)	
Net increase (decrease) in cash and cash equivalents	206,804		(23,681)	183,123	
Cash and cash equivalents, beginning	387,459		210,739	598,198	
Cash and cash equivalents, ending	$	594,263		$	187,058	$	781,321	

Reconciliation of Operating Income (Loss) to Net Cash				

Provided (Used) By Operating Activities
Operating income (loss)
Adjustments Not Affecting Cash:

$	1,675,727	$

(96,729)

$	1,578,998

Depreciation and amortization
Change in Assets and Liabilities:	495,181	76,354	571,535	
(Increase) Decrease in accounts receivable	(12,164)	(28,980)	(41,144)	
(Increase) Decrease in prepaids / inventory	-	21,486	21,486	
Increase (Decrease) in accounts payable	(2,074)	(23,898)	(25,972)	
Increase (Decrease) in customer deposits	3,665	-	3,665	
Increase (Decrease) in unearned revenue	-	11,380	11,380	
Total adjustments	484,608	56,342	540,950	
Net cash provided (used) by operating activities	$	2,160,335	$	(40,387)	$	2,119,948	

NOTES  TO  FINANCIAL STATEMENTS

The Crossings at Fleming Island Community Development District
Notes to Financial Statements
September 30, 2020

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Reporting Entity
The Crossings at Fleming Island Community Development District, (the “District”) was established in November 1989 by the Florida Land and Water Adjudicatory Commission Chapter 42H-1 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides, among other things, the power to manage basic services for community development, the power to borrow money and issue bonds, and the power to levy and collect non-ad valorem assessments for the financing and delivery of capital infrastructure. The District was established for the purpose of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors (the “Board”), which is composed of five members. At present, the Supervisors are elected on an at large basis by qualified electors of the District. The Board of Supervisors of the District exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes.

The Board has the final responsibility for, among other things:

Allocating and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements 14, 39, and 61. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District Board of Supervisors is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

Government-Wide and Fund Financial Statements
The financial statements include both government-wide and fund financial statements. The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use, or directly benefit from goods, services or privileges provided by a given function or segment and 2) grants, contributions and investment income that are restricted to meeting the operational or capital requirements of a particular function or segment and 3) operating-type special assessments that are treated as charges for services (including assessments for maintenance and debt service). Other items not included among program revenues are reported instead as general revenues.

Separate financial statements are provided for governmental funds and proprietary funds. The major governmental and major individual enterprise funds are reported as separate columns in the fund financial statements.

The Crossings at Fleming Island Community Development District
Notes to Financial Statements
September 30, 2020

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenues as soon as all eligibility requirements imposed by the provider have been met. Unbilled service revenue is accrued in the enterprise funds.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the District considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting; however, debt service expenditures are recorded only when payment is due.

Assessments, including debt service assessments and operation and maintenance assessments, are non-ad valorem assessments imposed on all lands located within the District and benefited by the District’s activities. Operation and maintenance assessments are levied by the District prior to the start of the fiscal year which begins October 1st and ends on September 30th. These assessments are imposed upon all benefited lands located in the District. Debt service special assessments are imposed upon certain lots and lands as described in each resolution imposing the special assessment for each series of bonds issued by the District. Certain debt service assessments are collected upon the closing of those lots subject to short term debt and are used to prepay a portion of the bonds outstanding.

Assessments and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. Only the portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. All other revenue items are considered to be measurable and available only when cash is received by the District.

The District reports the following major governmental funds:

General Fund - is the District’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.

Debt Service Fund - accounts for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Projects Fund - accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

The District reports the following major proprietary funds:

Water and Sewer Fund - This enterprise fund is used to account for the operations of the water and sewer utility services within the District. The costs of providing services to the residents are recovered primarily through user charges.

Golf Course Fund - This enterprise fund is used to account for the operations of the golf course, pro shop and restaurant within the District. The costs of providing services to the residents and public are recovered primarily through user charges.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. When both restricted and unrestricted resources are available for use, it is the District’s policy to use restricted resources first, then unrestricted resources as they are needed.

The Crossings at Fleming Island Community Development District
Notes to Financial Statements
September 30, 2020

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund Balance Restricted Assets
These assets represent cash and investments set aside pursuant to bond covenants.

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits.

Investments of the District are reported at fair value and are categorized within the fair value hierarchy established in accordance with GASB Statement No. 72, Fair Value Measurement and Application. The District’s investments consist of investments authorized in accordance with Section 218.415, Florida Statutes.

Inventories
Inventories are valued at cost which approximates market value using the first-in, first-out (FIFO) method.

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Receivables and Payables
During the course of operations, transactions occur between individual funds. Any residual balances outstanding between governmental activities and business-type activities for internal borrowing are reported in the government-wide statements as “internal balances”.

Accounts receivable and assessments receivable are shown net of an allowance for uncollectible amounts. These receivables will be recognized as revenue as they are collected.

Capital Assets
Capital assets, which include property, golf course, recreation facilities, water and sewer improvements, equipment and infrastructure assets (e.g., utilities system, stormwater system, landscaping and similar items), are reported in the applicable governmental activities column in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Property, plant, and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:

Assets		Years	
Land Improvements		10-20	
Buildings		30	
Stormwater System		30	
Improvements Other Than Buildings		40	
Roadways and Other		30	
Equipment		5-10	

In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

The Crossings at Fleming Island Community Development District
Notes to Financial Statements
September 30, 2020

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Long Term Obligations
In the government-wide and proprietary fund types in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities or proprietary fund type statement of net position. Bond premiums and discounts are deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported net of premiums or discounts.

In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as expenditures.

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The District has one item that qualifies for reporting in this category. It is the deferred charge on refunding reported in the government-wide statement of net position. A deferred charge on refunding results from the difference in the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The District does not have any item that qualifies for reporting in this category for the year ended September 30, 2020.

Net Position Flow Assumption
Sometimes the District will fund outlays for a particular purpose from both restricted and unrestricted resources. In order to calculate the amounts to report as restricted- net position and unrestricted- net position in the government-wide financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the District’s policy to consider restricted - net position to have been depleted before unrestricted-net position is applied.

Fund Balance Flow Assumptions
Sometimes the District will fund outlays for a particular purpose from both restricted and unrestricted resources (total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the governmental fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied. It is the District’s policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last.

Fund Balance Policies
Fund balance of governmental funds is reported in various categories based on the nature of any limitations requiring the use of resources for specific purposes. The District itself can establish limitations on the use of resources through either commitment (committed fund balance) or an assignment (assigned fund balance).

The committed fund balance classification includes fund balance amounts that can be used only for the specific purposes determined by a formal action of the government’s highest level of decision-making authority. The Board of Supervisors is the highest level of decision-making authority for the government that can, by adoption of an ordinance or resolution prior to the end of the fiscal year, commit fund balance. Once adopted, the limitation imposed by the ordinance or resolution remains in place until a similar action is taken to remove or revise the limitation.

The Crossings at Fleming Island Community Development District
Notes to Financial Statements
September 30, 2020

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Amounts in the assigned fund balance classification are intended to be used by the government for specific purposes but do not meet the criteria to be classified as committed. The Board of Supervisors has authorized the District Manager to assign amounts for specific purposes. The Board of Supervisors may also assign fund balance as it does when appropriating fund balance to cover a gap between estimated revenue and appropriations in the subsequent year’s appropriated budget. Unlike commitments, assignments generally only exist temporarily. In other words, an additional action does not normally have to be taken for the removal of an assignment. Conversely, as discussed above an additional action is essential to either remove or revise a commitment.

Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

New Accounting Standards Issued
In fiscal year 2020, the District implemented Government Accounting Standards Board (GASB) Statement No, 95, Postponement of the Effective Dates of Certain Authoritative Guidance. This statement provides temporary relief to governments and other stakeholders in light of the COVID-19 pandemic by postponing the effective dates of provisions in certain other statements. There was no effect on beginning balances of the District for implementation of this Statement.

NOTE 2	STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY

Budgetary Information
The District is required to establish a budgetary system and an approved annual budget for the General Fund. Annual budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America. All annual appropriations lapse at the fiscal year end. The legal level of budgetary control is at the fund level. Any budget amendments that increase the aggregate budgeted appropriations, at the fund level, must be approved by the Board of Supervisors.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

Each year the District Manager submits to the District Board proposed budgets for the fiscal year commencing the following October 1.
A public hearing is conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
Subject to certain limited exceptions set forth in the District’s appropriation resolutions adopted each year, all budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America.
Unused appropriation for annually budgeted funds lapse at the end of the year.

NOTE 3	DEPOSITS AND INVESTMENTS

Deposits
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, “Florida Security for Public Deposits Act”, requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository’s financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

The Crossings at Fleming Island Community Development District
Notes to Financial Statements
September 30, 2020

NOTE 3	DEPOSITS AND INVESTMENTS (CONTINUED)

Restricted cash
Included in cash and investments for the water and sewer fund is restricted cash of $559,350 for customer deposits and renewal and replacement reserves.

Investments
The District categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The fair value is the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The hierarchy is based on the valuation inputs used to measure the fair value of the asset.

Under GASB 72, assets or liabilities are classified into one of three levels. Level 1 is the most reliable and is based on quoted price for identical assets, or liabilities, in an active market. Level 2 uses significant other observable inputs when obtaining quoted prices for identical or similar assets, or liabilities, in markets that are not active. Level 3 is the least reliable, and uses significant unobservable inputs that uses the best information available under the circumstances, which includes the District’s own data in measuring unobservable inputs.

The District has the following recurring fair value measurements as of September 30, 2020:

□	Money market mutual funds of $4,965,546 are valued using Level 2 inputs.

The District’s investment policy is governed by State Statutes and the District Trust Indenture. This policy allows investments in any financial institution that is a qualified public depository of the State of Florida as identified by the State Treasurer, in accordance with Chapter 280 of the Florida Statutes. Authorized investments are:

The State Board of Administration Local Government Investment Pool (SBA);
Securities and Exchange Commission Registered Money Market Funds with the highest credit quality rating from a nationally recognized rating agency;
Interest-bearing savings accounts and certificates of deposit in state-certified qualified public depositories;
Direct obligations of the U.S. Treasury.

The SBA is not a registrant with the Securities and Exchange Commission (SEC); however, the State of Florida does provide oversight. The Board has adopted operating procedures consistent with the requirements for a 2a-7-like fund for the Florida Prime Fund; therefore, the pool net asset value per share can be used as fair value for financial reporting.

Investments made by the District at September 30, 2020 are summarized below. In accordance with GASB 31, investments are reported at fair value.

Investment Type	 	Fair Value

Credit
 	Rating

Weighted Average
 	Maturity

First American Government Obligation Fund-Class Y	$	2,883,872	AAAm	44 days	
First American Government Obligation Fund-Class Z	2,080,674	AAAm	44 days	
US Bank Money Market	94,568	n/a	n/a	
Local Government Investment Pool:				
Florida Prime	5,223,236	AAAm	48 days	
$	10,282,350			

The Crossings at Fleming Island Community Development District
Notes to Financial Statements
September 30, 2020

NOTE 3	DEPOSITS AND INVESTMENTS (CONTINUED)

Credit Risk
The District’s investment policy limits credit risk by restricting authorized investments to those described. Investments in U.S. Government securities and agencies must be backed by the full faith and credit of the United States Government. Short term bond funds shall be rated by a nationally recognized ratings agency and shall maintain the highest credit quality rating.

Custodial Credit Risk
In the case of deposits, this is the risk that, in the event of a bank failure, the District’s deposits may not be returned to it. The District’s investment policy requires that bank deposits be secured as provided by Chapter 280, Florida Statutes. This law requires local governments to deposit funds only in financial institutions designated as qualified public depositories by the Chief Financial Officer of the State of Florida, and creates the Public Deposits Trust Fund, a multiple financial institution pool with the ability to assess its member financial institutions for collateral shortfalls if a default or insolvency has occurred. At September 30, 2020, all of the District’s bank deposits were in qualified public depositories.

For an investment, this is the risk that, in the event of the failure of the counterparty, the government will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. At September 30, 2020, none of the investments listed are exposed to custodial credit risk because their existence is not evidenced by securities that exist in physical or book entry form.

Concentration of Credit Risk
The District’s investment policy does not specify limits on the amount the District may invest in any one issuer.

Interest Rate Risk
The District’s investment policy does not specifically address interest rate risk; however, the general investment policy is to apply the prudent-person rule: Investments are made as a prudent person would be expected to act, with discretion and intelligence, to seek reasonable income, preserve capital, and in general, avoid speculative investments. The District manages its exposure to declines in fair values by investing primarily in pooled investments that have a weighted average maturity of less than three months.

NOTE 4	INTERFUND, RECEIVABLES, PAYABLES AND TRANSFERS

Interfund receivables and payables at September 30, 2020 were as follows:

Receivable Fund	Payable Fund	Amount

General	Golf Course
Advances:
General	Golf Course

$	13,598

$	85,800

The outstanding balances between funds result primarily from the time lag between the dates that transactions are recorded in the accounting system and payments between funds are made. Balances between funds are for services paid by the General Fund to be reimbursed. In August 2009, the General Fund loaned the Golf Fund $85,800 to cover the Golf Fund debt service payment. The advance is to be repaid in 30 annual installments of $2,860. During the fiscal year ended September 30, 2020, no payments were made to the General Fund.

During the year ended September 30, 2020, the general fund transferred the golf course fund $10,580 for operations. Additionally, the capital projects transferred $1,430 to the debt service fund.

The Crossings at Fleming Island Community Development District
Notes to Financial Statements
September 30, 2020

NOTE 5	CAPITAL ASSETS

Capital asset activity for the year ended September 30, 2020 was as follows:

Governmental Activities:
Capital Assets, not being depreciated:

Beginning
Balance	Additions	Disposals Ending Balance

Land

$	2,298,612	$

-	$	-	$

2,298,612

Total capital assets, not being depreciated	 	2,298,612	-	-	2,298,612

Capital Assets Being Depreciated:
Improvements and equipment	
10,770,521		
623,044		
-	11,393,565	
Total capital assets, being depreciated	10,770,521		623,044		-	11,393,565	

Less Accumulated Depreciation for: Improvements and equipment	

(3,177,737)		

(341,301)		

-	(3,519,038)	
Total accumulated depreciation	(3,177,737)		(341,301)		-	(3,519,038)	
Total capital assets being depreciated, net	7,592,784		281,743		-	7,874,527	
Governmental activities capital assets, net	$	9,891,396		$	281,743		$	-	$	10,173,139	
					 	
Depreciation expense is charged to physical environment.						
	Beginning Balance		
Additions		
Disposals Ending Balance	
Business-type Activities:
Capital Assets, not being depreciated: Land	

$	3,599,131		

$	-		

$	-	$	3,599,131	
Total capital assets, not being depreciated	3,599,131		-		-	3,599,131	
Capital Assets Being Depreciated:						
Water and sewer facilities	20,096,198	-	-	20,096,198	
Golf course and improvements	3,206,918	-	-	3,206,918	
Improvements and equipment	107,569	-	-	107,569	

Water and sewer facilities	(10,870,899)	(495,181)	-	(11,366,080)	
Golf course and improvements	(1,731,661)	(76,354)	-	(1,808,015)	
Improvements and equipment	(107,569)	-	-	(107,569)	
Total accumulated depreciation	(12,710,129)	(571,535)	-	(13,281,664)	
Total capital assets being depreciated, net	10,700,556	(571,535)	-	10,129,021	

Business-type activities capital assets, net	
$	14,299,687	
$ (571,535)	
$	-	$	13,728,152	

Total capital  assets, being depreciated	23,410,685	-	-	23,410,685 Less accumulated depreciation for:

Depreciation of $495,181 is charged to the water and sewer fund and $76,354 is charged to the golf fund.

The Crossings at Fleming Island Community Development District
Notes to Financial Statements
September 30, 2020

NOTE 6	LONG-TERM LIABILITIES

Special Assessment Revenue Refunding Bonds, Series 2014 - Public Offering
In August 2014, the District issued $37,005,000 of Special Assessment Revenue Refunding Bonds, Series 2014 due on November 1, 2044 with a variable interest rate. The Bonds were issued to refund the Special Assessment Refunding Bonds, Series 2000 and to finance the acquisition and construction of certain improvements for the benefit of the property within the District. Interest is paid semiannually on each May 1 and November 1. Principal is payable annually commencing May 1, 2014 through May 1, 2044.

The Series 2014 Bonds are subject to redemption at the option of the District, in whole or in part at a redemption price set forth in the Bond Indenture. The Series 2014 Bonds are subject to optional and extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Indenture.

The Bond Indenture requires that the District maintain adequate funds in a reserve account to meet the debt service reserve requirement as defined in the Indenture. This requirement was met at September 30, 2020.

The Bond Indenture has certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agreed to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. Payment of principal and interest on the 2014 Bonds is secured by a pledge of and a first lien upon the pledged special assessment revenue. The District is in compliance with the requirements of the Bond Indenture.

Total principal and interest remaining on the Series 2014 Bonds at September 30, 2020 is $33,743,850. For the year ended September 30, 2020, principal and interest of $3,202,863 was paid. Special assessment revenue of $2,974,452 was pledged for the year ended September 30, 2020.

Special Assessment Revenue Bonds, Series 2017 - Public Offering
In May 2017, the District issued $870,000 of Special Assessment Revenue Bonds, Series 2017 due on May 1, 2044 with a fixed interest rate of 5.75%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the property within the District and pay issuance costs. Interest is paid semiannually on each May 1 and November 1. Principal is payable annually commencing May 1, 2019 through May 1, 2044.

The Series 2017 Bonds are subject to redemption at the option of the District, in whole or in part at a redemption price set forth in the Bond Indenture. The Series 2017 Bonds are subject to optional and extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Indenture. In the event of default, all principal and interest of the Bond will become immediately due and payable.

The Bond Indenture requires that the District maintain adequate funds in a reserve account to meet the debt service reserve requirement as defined in the Indenture. This requirement was met at September 30, 2020.

The Bond Indenture has certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agreed to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. Payment of principal and interest on the 2017 Bonds is secured by a pledge of and a first lien upon the pledged special assessment revenue. The District is in compliance with the requirements of the Bond Indenture.

Total principal and interest remaining on the Series 2017 Bonds at September 30, 2020 is $1,573,988. For the year ended September 30, 2020, principal and interest of $64,163 was paid. Special assessment revenue of $67,493 was pledged for the year ended September 30, 2020.

The Crossings at Fleming Island Community Development District
Notes to Financial Statements
September 30, 2020

NOTE 6	LONG-TERM LIABILITIES (CONTINUED)

Utility Refunding Revenue Bonds, Series 2016 - Public Offering
In December 2016, the District issued $24,045,000 of Utility Refunding Revenue Bonds, Series 2016 due October 1, 2037 with an interest rate ranging from 4.5% to 4.875%. The Bonds were issued to refund the outstanding Utility Revenue Refunding Bonds, Series 2007. Interest is paid semiannually on each April 1 and October 1. Principal is payable annually commencing October 1, 2017 through October 1, 2037.

The Bond Indenture has certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agreed to establish rates in amount adequate to provide payment of debt service and to meet certain trust indenture provisions. The District was in compliance with these provisions in the current fiscal year. In the event of default, all principal and interest of the Bond will become immediately due and payable.

Total principal and interest remaining on the Series 2016 Bonds at September 30, 2020 is $30,917,145. For the year ended September 30, 2020. For the year ended September 30, 2020, principal and interest of $1,730,854 was paid. Revenue of $2,170,908 was pledged for the year ended September 30, 2020.

Golf Course Revenue Bonds, Series 1999 - Public Offering
In March 1999, the District issued $7,835,000 of Golf Course Revenue Bonds, Series 1999 due October 1, 2024 with an interest rate of 6.6%. The Bonds were issued to finance the acquisition and construction of certain public infrastructure with the District. The bonds are secured by a pledge of certain revenues derived as a result of operations on the golf course. Interest is paid semiannually on each April 1 and October 1. Principal is payable annually commencing October 1, 2000 through October 1, 2024.

The Bonds are secured by a pledge of certain revenues derived as a result of operations of the golf course. The District has not made a debt service payment on the Golf Course Revenue Bonds, Series 1999 since April 1, 2011 and is not in compliance with the Trust Indenture. In the event of default, all principal and interest of the Bond will become immediately due and payable.

Total principal and interest remaining on the Series 1999 Bonds at September 30, 2020 is $7,189,868, which includes matured bonds payable of $2,440,000 and matured interest payable of $2,355,178. For the year ended September 30, 2020, no principal and interest was paid ($345,000 of principal was added to matured bonds payable and $138,600 of interest was added to matured interest payable). Revenue of $3,023,062 was pledged for the year ended September 30, 2020.

The Crossings at Fleming Island Community Development District
Notes to Financial Statements
September 30, 2020

NOTE 6	LONG-TERM LIABILITIES (CONTINUED)

Long-term debt activity for the year ended September 30, 2020 was as follows:

	Beginning
Balance	
Increases	
Decreases	Ending
Balance	
Due Within
One Year	
Governmental activities:
Bonds Payable: Series 2014	

$ 25,605,000	

$	-	$	

(1,920,000)	

$ 23,685,000	

$ 1,540,000	
Discount	(323,966)	-	13,081	(310,885)	
-	

Series 2017	 	855,000 	-	(15,000)	840,000	15,000

Governmental activity long-

term liabilities

Business-Type Activities:
Bonds Payable:

$ 26,136,034	$

-	$ (1,921,919)

$ 24,214,115

$ 1,555,000

Water and Sewer, Series 2016	$ 22,560,000	$	-	$	(865,000)	$ 21,695,000	885,000	
Discount	(210,042)	-	7,708	(202,334)	-	
Golf Course, Series 1999	 	2,445,000 	-	(345,000)	2,100,000	370,000

Business-Type long-term

liabilities

$ 24,794,958	$

-	$ (1,202,292)

$ 23,592,666

$ 1,255,000

The $345,000 reduction above for the Golf Course, Series 1999 Bonds was not paid, but was accrued to matured bonds payable. The beginning balance is reduced by $2,095,000 which was also not paid, but accrued to matured bonds payable in prior years. At year end, total matured bonds payable is $2,440,000.

At September 30, 2020, the scheduled debt service requirements on the bonds payable were as follows:

Governmental Activities	Business-Type Activities

Year Ending September 30,		Principal		Interest		Principal		Interest	
2021		$	1,555,000		$	1,251,700		$	1,255,000		$	960,193	
2022		1,720,000		1,177,837		1,295,000		911,760	
2023		1,800,000		1,099,987		1,350,000		858,150	
2024		1,885,000		1,018,363		1,405,000		799,727	
2025		1,975,000		932,613		1,460,000		736,375	
2026 - 2030		11,500,000		3,086,138		5,500,000		3,097,384	
2031 - 2035		1,065,000		1,178,690		6,740,000		1,827,417	
2036 - 2040		1,465,000		790,424		4,790,000		325,829	
2041 - 2045		1,560,000		257,086		-		-	
		   $	24,525,000		$	10,792,838		$ 23,795,000		$	9,516,835	

The Crossings at Fleming Island Community Development District
Notes to Financial Statements
September 30, 2020

NOTE 7	MANAGEMENT COMPANY

District Operations
The District has contracted with a management company (“GMS”) to perform management services, which include financial and accounting services. Certain employees of GMS also serve as officers (Board appointed non-voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting and other administrative costs.

Recreation Operations
The District entered into a management agreement in June 2008, with Hampton Golf, Inc. to supervise, direct and control the management, development, marketing and operation of the Eagle Harbor Swim and Tennis Park. The agreement has no ending date and provides that either party may terminate the agreement with 90-day notice. The monthly management fee is $3,000 per month. During fiscal year 2020, the District paid $39,000 to Hampton Golf, Inc. as management fees under these agreements.

Golf Operations
The District entered into a management agreement in June 2008, with Hampton Golf, Inc. to supervise, direct and control the management, development, marketing and operation of the Eagle Harbor Golf Club. The agreement has no ending date and provides that either party may terminate the agreement with 90-day notice. The monthly management fee is $7,200 per month. During fiscal year 2020, the District paid $84,000 to Hampton Golf, Inc. as management fees under these agreements.

NOTE 8	RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. These risks are covered by commercial insurance from independent third parties. The District has not filed any claims under this commercial coverage during the last three years.

NOTE 9	SUBSEQUENT EVENTS
The District was not able to make the October 2020 and May 2021 debt service payments on the Golf Course Revenue Bonds, Series 1999.

COMPLIANCE SECTION

934 North Magnolia Avenue, Suite 100
Orlando, Florida 32803 Tel. 407-843-5406
www.mcdirmitdavis.com

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
The Crossings at Fleming Island Community Development District

We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, business-type activities and each major fund of The Crossings at Fleming Island Community Development District (the “District”) as of and for the year ended September 30, 2020, which collectively comprise the District’s financial statements and have issued our report thereon dated June 29, 2021.

Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) as a basis for designing the audit procedures that are appropriate in the circumstances for the purpose of expressing opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over financial reporting that might be material weaknesses or significant deficiencies. Given these limitations, during our audit, we did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. See Appendix A.

We noted certain other matters that we reported to management of the District, in a separate letter dated June 29, 2021. The District’s response to our findings identified in our audit in included in this report. We did not audit the District’s response, and accordingly, we express no opinion on it.

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Orlando, Florida
June 29, 2021

the trusted partner

934 North Magnolia Avenue, Suite 100
Orlando, Florida 32803 Tel. 407-843-5406
www.mcdirmitdavis.com

MANAGEMENT LETTER

Board of Supervisors
The Crossings at Fleming Island Community Development District

We have audited the financial statements of The Crossings at Fleming Island Community Development District (the “District”), as of and for the fiscal year ended September 30, 2020, and have issued our report thereon dated June 29, 2021.

Auditor’s Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States and Chapter 10.550, Rules of the Auditor General.

Reporting Requirements
We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in these reports, which are dated June 29, 2021, should be considered in conjunction with this management letter.

Prior Audit Findings
Section 10.554(1)(i.)1., Rules of the Auditor General, require that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. Corrective actions have been taken to address findings and recommendations made in the preceding annual financial report, except as noted below.

Tabulation of Uncorrected Audit Findings	
Current Year Finding #	2018-19 FY Finding #	2017-18 FY Finding #	
15-01	15-01	15-01	
15-02	15-02	15-02	

Official Title and Legal Authority
Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. This information has been disclosed in the notes to the financial statements.

Financial Condition and Management
Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not the District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify of the specific condition(s) met. In connection with our audit, we determined that the District met one of the conditions described in Section 218.503(1), Florida Statutes, as listed in Appendix B.

Pursuant to Sections 10.554(1)(i)5.b. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for the District. It is management’s responsibility to monitor the District’s financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same. Deteriorating financial conditions were noted as indicated in Appendix B.

Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.

Additional Matters
Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we did not note any such findings.

Purpose of this Letter
Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Board of Supervisors and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.

Orlando, Florida
June 29, 2021

The Crossings at Fleming Island Community Development District
Appendix A - Compliance, Violations of Laws, Regulations and Contractual Provisions
September 30, 2020

- Failure to Make Debt Service Payments When Due
Criteria
The Golf Course Revenue Bonds Series 1999 require semiannual interest payments and annual principal payments as per the Bond Indenture.

Condition
In the current and prior years, the District did not pay the entire principal and interest due on the Series 1999 Bonds.

Cause
Operating revenues are insufficient.

Effect
At September 30, 2020, the District was in default per Article VIII Section 8.02a of the Trust Indenture.

Recommendation
We recommend the District utilize all remedies available to bring debt service payments current.

Management Response
The District’s Golf Course Bonds are Revenue Bonds secured solely by the Pledged Revenues generated by the Golf Course which have been insufficient to pay the operating costs and debt service payments on the Golf Course Bonds for the past ten years. The District has made capital improvements, hired an independent golf course consultant to evaluate the golf course facilities and operations, hired a professional golf course management company along with various other actions to improve the financial condition of the Golf Course Enterprise Fund. However, golf as an industry continues to struggle financially and it will be extremely difficult for the District to meet its financial obligations based upon the diminishing interest in the sport for the foreseeable future.

- Failure to Meet Debt Service Reserve Account Requirement
Criteria
The Trust Indenture requires the District to maintain a minimum balance in the Debt Service Reserve Account.

Condition
At September 30, 2020, the Debt Service Reserve Account was deficient.

Cause
The balance in the Debt Service Reserve Account was used to pay debt service expenditures.

Effect
At September 30, 2020, the District was in default per Article VIII Section 8.02e of the Trust Indenture.

Recommendation
We recommend the District utilize all remedies available to replenish the Debt Service Reserve Account.

Management Response
The District’s Golf Course Bonds are Revenue Bonds secured solely by the Pledged Revenues generated by the Golf Course which have been insufficient to pay the operating costs and debt service payments on the Golf Course Bonds for the past ten years. The District has made capital improvements, hired an independent golf course consultant to evaluate the golf course facilities and operations, hired a professional golf course management company along with various other actions to improve the financial condition of the Golf Course Enterprise Fund. However, golf as an industry continues to struggle financially and it will be extremely difficult for the District to meet its financial obligations based upon the diminishing interest in the sport for the foreseeable future.

The Crossings at Fleming Island Community Development District
Appendix B - Conditions of Financial Emergency
September 30, 2020

- Failure to Make Debt Service Payments When Due
In the current and prior years, the District did not pay all of the principal and interest due on the Series 1999 Bonds due to lack of funds; therefore the District meets Section 218.503(1)(a) as a financial emergency condition.

934 North Magnolia Avenue, Suite 100
Orlando, Florida 32803 Tel. 407-843-5406
www.mcdirmitdavis.com

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES

To the Board of Supervisors
The Crossings at Fleming Island Community Development District

We have examined The Crossings at Fleming Island Community Development District’s (the “District”) compliance with the requirements of Section 218.415, Florida Statutes, during the year ended September 30, 2020. Management is responsible for the District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and the standards applicable to attestation engagements contained in Government Auditing Standards issued by the Comptroller General of the United States, and, accordingly, included examining, on a test basis, evidence about the District’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the year ended September 30, 2020.

Orlando, Florida
June 29, 2021

the trusted partner

NINTH ORDER OF BUSINESS

approved budget FY2022

Thursday, July 22, 2021

Presented by:

TABLE OF CONTENTS

General Fund

Budget	Page 1
Budget Narrative	Page 2-6

Reserve Fund

Budget	Page 7
Budget Narrative	Page 8

Debt Service

2014 A/1, A/2, A/3	Page 9
2014 A/1- Amortization Schedule	Page 10
2014 A/2 - Amortization Schedule	Page 11
2014 A/3 - Amortization Schedule	Page 12
2017 - Amortization Schedule	Page 13 Water/Sewer Fund
Budget	Page 14-15
Budget Narrative	Page 16-18

Golf Fund

Budget	Page 19-20
Budget Narrative	Page 21-24

Swim & Tennis Fund

Budget	Page 25-26
Budget Narrative	Page 26-27

General Fund

The Crossings at Fleming Island	GENERAL FUND COMMUNITY DEVELOPMENT DISTRICT		FY2022

	ADOPTED
FY2021		ACTUAL
THRU		TOTAL
PROJECTED AT		APPROVED
FY2022	

REVENUES:	 	BUDGET			 	6/30/21			 	9/30/21			 	BUDGET		
Special Assessment	$2,931,456		$2,951,069		$2,951,069		$2,931,456	
Boat/RV Storage Fees	$92,000		$68,805		$92,000		$92,000	
Interest Income	$52,000		$4,374		$6,000		$6,000	
Rental Income	$7,200		$5,870		$7,200		$7,200	
Carry Forward	$0		$0		$0		$51,436	
TOTAL REVENUES	 	$3,082,656 		 	$3,030,118 		 	$3,056,269 		 	$3,088,092 	
EXPENDITURES:								
ADMINISTRATIVE:								
Supervisors Fees	$15,000		$8,000		$15,000		$15,000	
PR Taxes/Workers Comp/PR Fees	$7,200		$5,666		$7,200		$7,200	
Engineering	$4,500		$4,883		$4,500		$4,500	
Arbitrage	$2,000		$1,100		$2,000		$2,000	
Dissemination Agent	$2,000		$1,500		$2,000		$2,000	
Assessment Roll	$0		$17,500		$17,500		$17,500	
District Attorney	$27,000		$19,295		$27,000		$27,000	
Audit	$4,000		$0		$4,000		$4,000	
Trustee Fees	$16,000		$11,100		$16,000		$16,000	
District Manager /Adminstrator	$99,000		$64,997		$99,000		$99,000	
Computer Time	$1,000		$750		$1,000		$1,000	
Telephone	$500		$749		$500		$500	
Postage	$1,500		$1,153		$1,500		$1,500	
Printing & Binding	$1,500		$739		$1,500		$1,500	
Insurance	$46,000		$42,734		$42,734		$46,000	
Legal Advertising	$1,000		$1,646		$1,000		$1,000	
Other Current Charges	$5,000		$3,542		$5,000		$5,000	
Office Supplies	$1,500		$657		$1,500		$1,500	
Dues, Licenses, Website	$20,000		$11,163		$20,000		$20,000	
MAINTENANCE:								
Landscape Maintenance	$805,260		$603,945		$805,260		$840,000	
Landscape Maintenance - Contingency	$100,000		$61,599		$100,000		$100,000	
Lake Maintenance	$72,000		$58,227		$72,000		$72,000	
Cost Sharing Agreement - Stone Creek	$13,000		$6,255		$13,000		$13,000	
Facility/Preventative Maintenance	$200,000		$107,136		$200,000		$200,000	
Utilities	$135,000		$82,605		$135,000		$135,000	
Security	$25,000		$16,985		$25,000		$25,000	
Operating Reserves	$22,446		$0		$0		$20,642	
TOTAL EXPENDITURES	 	$1,627,406 		 	$1,133,926 		 	$1,619,194 		 	$1,677,842 	
OTHER SOURCES/(USES):								
Interfund Transfer In/(Out) - SBA Reserve	($160,000)		$0		($75,000)		($75,000)	
Interfund Transfer Out - Swim & Tennis	($1,295,250)		($863,500)		($1,310,639)		($1,335,250)	
TOTAL OTHER	 	($1,455,250) 		 	($863,500) 		 	($1,385,639) 		 	($1,410,250) 	
Assigned Fund Balance	 	$0 		$1,032,692		$51,436		$0	

Page 1

The Crossings at Fleming Island
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2022

REVENUES:
Special Assessments

The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the operating expenses for the Fiscal Year in accordance with the adopted budget.

Boat/RV Storage Fees

The District collects fees from Residents to securely store Boats and RVs.

Interest Income

Interest income on funds in operating account and excess funds in the State Board of Administration.

Rental Income

The District entered into an Agreement with Tree Amigos to lease office space. The rent is
$200 per month

EXPENDITURES:
Administrative:

Supervisor Fees/FICA

The District anticipates 15 meetings per year with all five board members in attendance and each receiving $200.00 per meeting plus payroll taxes.

Engineering

The District's engineering firm, Hadden Engineering, will be providing general engineering services to the District, including attendance and preparation for monthly board meetings, review invoices, etc.

Dissemination Agent

The District has contracted with GMS, LLC to act as the Dissemination Agent for the District to prepare the Annual Disclosure Report required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Assessment Roll

Assessment Roll administrative services are provided by GMS, LLC for updating the districts’ tax roll, certifying the annual assessments and collection of prepaid assessments.

The Crossings at Fleming Island
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2022

Arbitrage

The District is required to have an Arbitrage Rebate Calculation on the District’s Series 2014 A1/A2 and A3 Special Assessment Revenue Refunding Bonds.

Attorney

The District's legal counsel, Bradley, Garrison & Komando, P.A., will be providing general legal services to the District, including attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District is currently contracted with McDirmit Davis & Company, LLC for the audit engagement.

Trustee

The District’s Series 2014 A1/A2, A3 and 2017 Special Assessment Revenue Refunding Bonds are held by a Trustee at U.S. Bank. The amount represents the fee for the administration of  the District’s bond issue.

District Management/Administration Fees

The District receives Management, Accounting and Administrative services from their CDD employed District Manager and as part of an Administrative Agreement with Governmental Management Services, LLC.

Computer Time

The District processes all of its financial activities, including accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services, LLC.

Travel & Per Diem

This represents funds to reimburse Supervisors and Employees for District related Travel and Meals.

Telephone

This item includes telephone and fax service.

Postage

This item includes mailing of agenda packages, overnight deliveries, correspondence, etc.

The Crossings at Fleming Island
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2022

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Insurance

The District's General Liability & Public Officials Liability and Property Insurance policies are with Egis Insurance and Risk Advisors. They specialize in providing insurance coverage to governmental agencies. This expense is shared with the General Fund and the Golf Course Fund.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings etc. with Clay Today.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

This item includes the cost of miscellaneous office supplies.

Dues, Licenses, Subscriptions, Website & Newsletter

The District is required to pay an annual fee to the Department of Economic Opportunity for
$175. Also includes the cost to maintain ADA website and publish newsletter.

Maintenance

Landscape Maintenance

The District is currently contracted with Tree Amigos Outdoor Services for the Landscape of the Districts common areas.

Tree Amigos services include:

Landscaping – mowing, edging, trash removal, trimming and pruning or trees and group cover, fertilizing and clean up and removing of storm damage debris
•Flower Bed Maintenance – maintaining approx. 79 flower beds including fertilizing, mulching, insect control, replacing and spraying beds
•Irrigation Maintenance – inspection, cleaning and repairs of all irrigation  components. A monthly irrigation inspection, repair and replacement of system parts
Weed & Insect Control – insecticide applications lawns and shrubs to control insect, period inspections for insects and disease

The Crossings at Fleming Island
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2022

Landscape Maintenance – Contingency

This category represents any additional landscaping work needed that is outside the scope of the contract with Tree Amigos.

Lake Maintenance

Lake Doctors provides aquatic pond maintenance, dock repairs and maintenance, lake signage maintenance.

Cost Sharing Agreement

Maintenance costs other than utilities paid to The Stone Creek HOA for upkeep of CDD property.

Facility Preventative Maintenance

Cost of routine repairs and maintenance of the District’s common areas.

Utilities

Includes the following utility accounts held by the District:

Comcast – internet service
Clay Electric Cooperative – electric service for the Eagle Harbor CDD Office
CCUA – water service for the Eagle Harbor CDD Office

Security
Cost of security personnel and operation of security cameras.

Other Sources/(Uses)

Interfund Transfer Out – Swim & Tennis

The Board has agreed to an annual subsidy to the Swim & Tennis Fund to cover operations.

Utility Schedule - General Fund
FY2020

Avg. Annual

Avg. Monthly

Service Address

Account #

Clay Electric
552520-9	2425 Country Side Dr	$	29	$	349	
765868-5	1522-1 Brookstrone Dr	$	29	$	357	
765874-3	1928-1 Eagle Harbor Parkway	$	46	$	571	
765875-0	2088-1 Eagle Harbor Parkway	$	90	$	1,122	
765877-6	1909 Eagle Harbor Parkway	$	33	$	407	
765878-4	1619 Misty Lake Drive	$	155	$	1,929	
765880-0	1992-1 Eagle Harbor Parkway	$	69	$	865	
765881-8	1302-1 Oak Landing Lane	$	58	$	729	
765883-4	1542 Linkside Drive	$	61	$	755	
765884-2	1245 Forest Park Drive	$	102	$	1,273	
765886-7	1320-1 South Shore Dr	$	28	$	345	
765887-5	1229 Salt Marsh	$	8	$	94	
765888-3	4312 Lake Shore Dr East	$	115	$	1,437	
765889-1	4486-1 Lakeshore Dr E	$	71	$	889	
765891-7	2327-1 Marsh Landing Ct	$	27	$	335	
765892-5	1995-1 Vista Lakes Dr	$	41	$	514	
765895-8	4523 Lakeshore Dr E	$	111	$	1,390	
7658966	1687-1 Lakeshore Drive N	$	40	$	499	
765896-6	1687-1 Lakeshore Dr N	$	463	$	5,782	
765901-4	1760-1 Cross Pine Drive	$	31	$	389	
765902-2	1709-2 Cross Pines Drive	$	24	$	305	
765904-8	2291-1 Old Pine Trail	$	28	$	348	
765906-3	2286-2 Trailwood Drive	$	36	$	445	
765908-9	1709-1 Cross Pines Drive	$	31	$	386	
765909-7	2234 Eagle Harbor Parkway	$	45	$	562	
765912-1	2402 Daniels Landing Dr	$	28	$	354	
765913-9	3460-1 Manard Branch Ct	$	29	$	360	
765914-7	2486-1 Stoney Glen Irrigation	$	29	$	356	
765915-4	Eagle Harbor Pkwy Lighting	$	2,312	$	28,855	
765916-2	1796-2 Eagle HBr on 17 at Fountain	$	612	$	7,637	
765918-8	1812-1 Eagle Creek Dr	$	31	$	383	
767568-9	1880 Eagle Harbor Parkway	$	614	$	7,659	
809222-3	2105 Harbor Lake Drive	$	142	$	1,773	
9009006	2104 Eagle Talon Irrigation	$	30	$	368	
			$	69,820	
Clay County Utility Authority				
00120031	1880 Eagle Harbor Parkway	$	435	$	5,217	
00120061	1850 Eagle Harbor Pkwy Fountains	$	473	$	5,681	
00120251	1778 Fiddler's Ridge Drive Rclm Irr	$	132	$	1,581	
00120311	1909 Eagle Harbor Pkwy	$	114	$	1,365	
00120321	4312 Lakeshore Drive E	$	50	$	603	
00120531	4523 Lakeshore Drive	$	70	$	842	
00120541	2105 Eagle Lake Drive	$	105	$	1,263	
00120591	Entrance to Brookstone Irr	$	176	$	2,110	
00130319	1501 Brookstone Dr Irr	$	73	$	873	
00159869	1775 Eagle Harbor Pkwy Irr	$	114	$	1,368	
00159887	Entrance to The Preserves Irr	$	136	$	1,630	
00178790	2286-2 Trailwood Dr Rclm Irr	$	265	$	3,177	
00178791	1779-1 Cross Pines Dr - Rclm Irr	$	149	$	1,783	
00178792	2298-1 Old Pine Trail Rclm Irr	$	86	$	1,035	
00186015	1229-1 Salt Marsh Lane Irr	$	104	$	1,254	
00188477	1709-2 Cross Pines Drive Rclm Irr	$	52	$	621	
00195643	2331-1 Old Pine Trail Rclm Irr	$	53	$	635	
00195645	1743-1 Cross Pine Dr Rclm Irr	$	58	$	693	
00199911	2366-1 Old Pine Trail Rclm Irr	$	57	$	685	
00200394	1812-1 Eagle Creek Dr Rclm Irr	$	145	$	1,743	
00201898	2694-1 Country Side Dr Rclm Irr	$	53	$	630	
00202868	2638-1 Country Side Dr Rclm Irr	$	54	$	649	
00204041	2411-1 Country Side Dr Rclm Irr	$	58	$	697	
00204042	2424-2 Country Side Dr Rclm Irr	$	85	$	1,023	
00204151	1852-1 Eagle Creek Dr Rclm Irr	$	53	$	630	
00218768	2552-1 Country Side Dr Rclm Irr	$	76	$	910	
00229743	1961-1 Summit Ridge Rd Rclm Irr	$	54	$	653	
00231981	1612-1 Lake Terrace Lane Irr	$	138	$	1,659	
00534466	1719 Eagle Crest Drive Irrigation	$	62	$	743	
00541849	732 Water Oak Lane Irrigation	$	193	$	2,314	
00541850	6548 Bahia Road Irrigation	$	122	$	1,461	
00544400	2090 Arden Forest Place Irrigation	$	126	$	1,516	
00554422	2110 Eagle Talon Circle	$	142	$	1,706	
00544687	1848 Town Center Irrigation	$	154	$	1,850	
			$	50,601	
		Contingency	$	14,579	
		TOTAL	$	135,000	

Page 6

Reserve Fund

The Crossings at Fleming Island	RESERVE
COMMUNITY DEVELOPMENT DISTRICT	FY2022

	ADOPTED FY2021		ACTUAL THRU		TOTAL PROJECTED AT		APPROVED FY2022	

REVENUES:	 	BUDGET			 	6/30/21			 	9/30/21			 	BUDGET		
Special Assessments - Tax Collector	$764,224		$769,337		$764,224		$764,224	
Office Rent	$4,800		$0		$0		$0	
Misc Income - Insurance Proceeds	$0		$5,360		$5,360		$0	
Interest Income	$0		$266		$20		$0	
TOTAL REVENUES	 	$769,024 		 	$774,963 		 	$769,604 		 	$764,224 	

EXPENDITURES:								
Capital Outlay	$768,774		$462,557		$768,774		$763,974	
Other Current Charges	$250		$78		$250		$250	
TOTAL EXPENDITURES	$769,024		$462,635		$769,024		$764,224	

OTHER SOURCES/(USES):								
Interfund Transfer In	$0		$0		$0		$0	
TOTAL OTHER	$0		$0		$0		$0	

ASSIGNED FUND BALANCE	 	$0 	$312,328	 	$580	 	$0 

Page 7

The Crossings at Fleming Island
Community Development District
RESERVE BUDGET
Fiscal Year 2022

REVENUES:

Maintenance Assessments

The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the Capital Outlay expenses for the Fiscal Year in accordance with the adopted budget.

EXPENDITURES:

Capital Outlay

At the Board of Supervisor’s discretion, funds will be used to complete capital projects.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Page 8

Debt Service Fund

The Crossings at Fleming Island	DEBT SERVICE FUND
COMMUNITY DEVELOPMENT DISTRICT	Series  2014 A/1, A/2, A/3, Series 2017
FY2022

	Series		Series		Series		Series		APPROVED	
	2014		2014		2014		2017		FY2022	
	A/1		A/2		A/3				BUDGET	
REVENUES:										

(1) Special Assessments - Tax Collector	
$2,157,298		
$400,700		
$381,397		
$67,073		
$3,006,468	
Carry Forward Surplus	$588,268		$0		$218,848		$34,509		$950,255	
TOTAL REVENUES	$2,745,566		$400,700		$600,245		$101,582		$3,956,723	
EXPENDITURES:										
Interest Expense - 11/1	$326,925		$91,700		$146,575		$23,719		$588,919	
Principal Expense - 5/1	$1,395,000		$215,000		$90,000		$20,000		$1,720,000	
Interest Expense - 5/1	$326,925		$91,700		$146,575		$23,719		$588,919	
TOTAL EXPENDITURES	$2,048,850		$398,400		$383,150		$67,438		$2,897,838	
										
EXCESS REVENUES (EXPENDITURES)	$696,716		$2,300		$217,095		$34,145		$1,058,886	

(1) A1 and A2 Assessments are combined					

11/1/22 Interest:					
					2014 A/1				$299,025	
					2014 A/2				$84,175	
					2014 A/3				$143,650	
					2017				$23,144	
									$549,994	

Page 9

THE CROSSINGS AT FLEMING ISLAND
COMMUNITY DEVELOPMENT DISTRICT	Series 2014 A/1, Special Assessment Refunding Bonds
Amortization Schedule

DATE		PRINCIPAL
BALANCE		
RATE		
INTEREST		
PRINCIPAL		
TOTAL	
1-May-21		$ 16,360,000		4.000%		$	353,825.00		$	1,345,000.00			
1-Nov-21		$ 15,015,000		4.000%		$	326,925.00				$	2,025,750.00	
1-May-22		$ 15,015,000		4.000%		$	326,925.00		$	1,395,000.00			
1-Nov-22		$ 13,620,000		4.000%		$	299,025.00				$	2,020,950.00	
1-May-23		$ 13,620,000		4.000%		$	299,025.00		$	1,455,000.00			
1-Nov-23		$ 12,165,000		4.000%		$	269,925.00				$	2,023,950.00	
1-May-24		$ 12,165,000		4.000%		$	269,925.00		$	1,515,000.00			
1-Nov-24		$ 10,650,000		4.000%		$	239,625.00				$	2,024,550.00	
1-May-25		$ 10,650,000		4.500%		$	239,625.00		$	1,580,000.00			
1-Nov-25		$	9,070,000		4.500%		$	204,075.00				$	2,023,700.00	
1-May-26		$	9,070,000		4.500%		$	204,075.00		$	1,655,000.00			
1-Nov-26		$	7,415,000		4.500%		$	166,837.50				$	2,025,912.50	
1-May-27		$	7,415,000		4.500%		$	166,837.50		$	1,730,000.00			
1-Nov-27		$	5,685,000		4.500%		$	127,912.50				$	2,024,750.00	
1-May-28		$	5,685,000		4.500%		$	127,912.50		$	1,810,000.00			
1-Nov-28		$	3,875,000		4.500%		$	87,187.50				$	2,025,100.00	
1-May-29		$	3,875,000		4.500%		$	87,187.50		$	1,895,000.00			
1-Nov-29		$	1,980,000		4.500%		$	44,550.00				$	2,026,737.50	
1-May-30		$	1,980,000		4.500%		$	44,550.00		$	1,980,000.00		$	2,024,550.00	
						$ 3,885,950.00		$ 16,360,000.00		$ 20,245,950.00	

**Revised 3/3/21											

Page 10

THE CROSSINGS AT FLEMING ISLAND
COMMUNITY DEVELOPMENT DISTRICT	Series 2014 A/2, Special Assessment Refunding Bonds
Amortization Schedule

DATE		PRINCIPAL
BALANCE		
RATE		
INTEREST		
PRINCIPAL		
TOTAL	
1-May-21	$	2,820,000	7.000%	$	98,700.00	$	200,000.00		
1-Nov-21	$	2,620,000	7.000%	$	91,700.00		$	390,400.00	
1-May-22	$	2,620,000	7.000%	$	91,700.00	$	215,000.00		
1-Nov-22	$	2,405,000	7.000%	$	84,175.00		$	390,875.00	
1-May-23	$	2,405,000	7.000%	$	84,175.00	$	230,000.00		
1-Nov-23	$	2,175,000	7.000%	$	76,125.00		$	390,300.00	
1-May-24	$	2,175,000	7.000%	$	76,125.00	$	250,000.00		
1-Nov-24	$	1,925,000	7.000%	$	67,375.00		$	393,500.00	
1-May-25	$	1,925,000	7.000%	$	67,375.00	$	270,000.00		
1-Nov-25	$	1,655,000	7.000%	$	57,925.00		$	395,300.00	
1-May-26	$	1,655,000	7.000%	$	57,925.00	$	285,000.00		
1-Nov-26	$	1,370,000	7.000%	$	47,950.00		$	390,875.00	
1-May-27	$	1,370,000	7.000%	$	47,950.00	$	305,000.00		
1-Nov-27	$	1,065,000	7.000%	$	37,275.00		$	390,225.00	
1-May-28	$	1,065,000	7.000%	$	37,275.00	$	330,000.00		
1-Nov-28	$	735,000	7.000%	$	25,725.00		$	393,000.00	
1-May-29	$	735,000	7.000%	$	25,725.00	$	355,000.00		
1-Nov-29	$	380,000	7.000%	$	13,300.00		$	394,025.00	
1-May-30	$	380,000	7.000%	$	13,300.00	$	380,000.00	$	393,300.00	
$ 1,101,800.00		$ 2,820,000.00		$	3,921,800.00	

**Revised 5/1/16

Page 11

THE CROSSINGS AT FLEMING ISLAND
COMMUNITY DEVELOPMENT DISTRICT	Series 2014 A/3, Special Assessment Refunding Bonds Amortization Schedule

DATE		PRINCIPAL
BALANCE		
RATE	
INTEREST		
PRINCIPAL		
TOTAL	

1-May-21		
$	4,590,000		
6.500%	
$	149,175.00		
$	80,000.00			
1-Nov-21		$	4,510,000		6.500%	$	146,575.00				$	375,750.00	
1-May-22		$	4,510,000		6.500%	$	146,575.00		$	90,000.00			
1-Nov-22		$	4,420,000		6.500%	$	143,650.00				$	380,225.00	
1-May-23		$	4,420,000		6.500%	$	143,650.00		$	95,000.00			
1-Nov-23		$	4,325,000		6.500%	$	140,562.50				$	379,212.50	
1-May-24		$	4,325,000		6.500%	$	140,562.50		$	100,000.00			
1-Nov-24		$	4,225,000		6.500%	$	137,312.50				$	377,875.00	
1-May-25		$	4,225,000		6.500%	$	137,312.50		$	105,000.00			
1-Nov-25		$	4,120,000		6.500%	$	133,900.00				$	376,212.50	
1-May-26		$	4,120,000		6.500%	$	133,900.00		$	115,000.00			
1-Nov-26		$	4,005,000		6.500%	$	130,162.50				$	379,062.50	
1-May-27		$	4,005,000		6.500%	$	130,162.50		$	120,000.00			
1-Nov-27		$	3,885,000		6.500%	$	126,262.50				$	376,425.00	
1-May-28		$	3,885,000		6.500%	$	126,262.50		$	130,000.00			
1-Nov-28		$	3,755,000		6.500%	$	122,037.50				$	378,300.00	
1-May-29		$	3,755,000		6.500%	$	122,037.50		$	140,000.00			
1-Nov-29		$	3,615,000		6.500%	$	117,487.50				$	379,525.00	
1-May-30		$	3,615,000		6.500%	$	117,487.50		$	145,000.00			
1-Nov-30		$	3,470,000		6.500%	$	112,775.00				$	375,262.50	
1-May-31		$	3,470,000		6.500%	$	112,775.00		$	155,000.00			
1-Nov-31		$	3,315,000		6.500%	$	107,737.50				$	375,512.50	
1-May-32		$	3,315,000		6.500%	$	107,737.50		$	170,000.00			
1-Nov-32		$	3,145,000		6.500%	$	102,212.50				$	379,950.00	
1-May-33		$	3,145,000		6.500%	$	102,212.50		$	180,000.00			
1-Nov-33		$	2,965,000		6.500%	$	96,362.50				$	378,575.00	
1-May-34		$	2,965,000		6.500%	$	96,362.50		$	190,000.00			
1-Nov-34		$	2,775,000		6.500%	$	90,187.50				$	376,550.00	
1-May-35		$	2,775,000		6.500%	$	90,187.50		$	205,000.00			
1-Nov-35		$	2,570,000		6.500%	$	83,525.00				$	378,712.50	
1-May-36		$	2,570,000		6.500%	$	83,525.00		$	220,000.00			
1-Nov-36		$	2,350,000		6.500%	$	76,375.00				$	379,900.00	
1-May-37		$	2,350,000		6.500%	$	76,375.00		$	230,000.00			
1-Nov-37		$	2,120,000		6.500%	$	68,900.00				$	375,275.00	
1-May-38		$	2,120,000		6.500%	$	68,900.00		$	250,000.00			
1-Nov-38		$	1,870,000		6.500%	$	60,775.00				$	379,675.00	
1-May-39		$	1,870,000		6.500%	$	60,775.00		$	265,000.00			
1-Nov-39		$	1,605,000		6.500%	$	52,162.50				$	377,937.50	
1-May-40		$	1,605,000		6.500%	$	52,162.50		$	280,000.00			
1-Nov-40		$	1,325,000		6.500%	$	43,062.50				$	375,225.00	
1-May-41		$	1,325,000		6.500%	$	43,062.50		$	300,000.00			
1-Nov-41		$	1,025,000		6.500%	$	33,312.50				$	376,375.00	
1-May-42		$	1,025,000		6.500%	$	33,312.50		$	320,000.00			
1-Nov-42		$	705,000		6.500%	$	22,912.50				$	376,225.00	
1-May-43		$	705,000		6.500%	$	22,912.50		$	340,000.00			
1-Nov-43		$	365,000		6.500%	$	11,862.50				$	374,775.00	
1-May-44		$	365,000		6.500%	$	11,862.50		$	365,000.00		$	376,862.50	
					$	4,469,400.00		$	4,590,000.00		$	9,059,400.00	
**Revised 3/3/21										
					Page 12					

THE CROSSINGS AT FLEMING ISLAND
COMMUNITY DEVELOPMENT DISTRIC	Series 2017, Special Assessment Revenue Bonds Amortization Schedule

DATE		PRINCIPAL
BALANCE		
RATE		
INTEREST		
PRINCIPAL		
TOTAL	

1-Nov-17		
$	870,000		
5.750%		
$	20,982.71				
$	20,982.71	
1-May-18		$	870,000		5.750%		$	25,012.50		$	-			
1-Nov-18		$	870,000		5.750%		$	25,012.50				$	50,025.00	
1-May-19		$	870,000		5.750%		$	25,012.50		$	15,000.00			
1-Nov-19		$	855,000		5.750%		$	24,581.25				$	64,593.75	
1-May-20		$	855,000		5.750%		$	24,581.25		$	15,000.00			
1-Nov-20		$	840,000		5.750%		$	24,150.00				$	63,731.25	
1-May-21		$	840,000		5.750%		$	24,150.00		$	15,000.00			
1-Nov-21		$	825,000		5.750%		$	23,718.75				$	62,868.75	
1-May-22		$	825,000		5.750%		$	23,718.75		$	20,000.00			
1-Nov-22		$	805,000		5.750%		$	23,143.75				$	66,862.50	
1-May-23		$	805,000		5.750%		$	23,143.75		$	20,000.00			
1-Nov-23		$	785,000		5.750%		$	22,568.75				$	65,712.50	
1-May-24		$	785,000		5.750%		$	22,568.75		$	20,000.00			
1-Nov-24		$	765,000		5.750%		$	21,993.75				$	64,562.50	
1-May-25		$	765,000		5.750%		$	21,993.75		$	20,000.00			
1-Nov-25		$	745,000		5.750%		$	21,418.75				$	63,412.50	
1-May-26		$	745,000		5.750%		$	21,418.75		$	20,000.00			
1-Nov-26		$	725,000		5.750%		$	20,843.75				$	62,262.50	
1-May-27		$	725,000		5.750%		$	20,843.75		$	25,000.00			
1-Nov-27		$	700,000		5.750%		$	20,125.00				$	65,968.75	
1-May-28		$	700,000		5.750%		$	20,125.00		$	25,000.00			
1-Nov-28		$	675,000		5.750%		$	19,406.25				$	64,531.25	
1-May-29		$	675,000		5.750%		$	19,406.25		$	25,000.00			
1-Nov-29		$	650,000		5.750%		$	18,687.50				$	63,093.75	
1-May-30		$	650,000		5.750%		$	18,687.50		$	30,000.00			
1-Nov-30		$	620,000		5.750%		$	17,825.00				$	66,512.50	
1-May-31		$	620,000		5.750%		$	17,825.00		$	30,000.00			
1-Nov-31		$	590,000		5.750%		$	16,962.50				$	64,787.50	
1-May-32		$	590,000		5.750%		$	16,962.50		$	30,000.00			
1-Nov-32		$	560,000		5.750%		$	16,100.00				$	63,062.50	
1-May-33		$	560,000		5.750%		$	16,100.00		$	35,000.00			
1-Nov-33		$	525,000		5.750%		$	15,093.75				$	66,193.75	
1-May-34		$	525,000		5.750%		$	15,093.75		$	35,000.00			
1-Nov-34		$	490,000		5.750%		$	14,087.50				$	64,181.25	
1-May-35		$	490,000		5.750%		$	14,087.50		$	35,000.00			
1-Nov-35		$	455,000		5.750%		$	13,081.25				$	62,168.75	
1-May-36		$	455,000		5.750%		$	13,081.25		$	40,000.00			
1-Nov-36		$	415,000		5.750%		$	11,931.25				$	65,012.50	
1-May-37		$	415,000		5.750%		$	11,931.25		$	40,000.00			
1-Nov-37		$	375,000		5.750%		$	10,781.25				$	62,712.50	
1-May-38		$	375,000		5.750%		$	10,781.25		$	45,000.00			
1-Nov-38		$	330,000		5.750%		$	9,487.50				$	65,268.75	
1-May-39		$	330,000		5.750%		$	9,487.50		$	45,000.00			
1-Nov-39		$	285,000		5.750%		$	8,193.75				$	62,681.25	
1-May-40		$	285,000		5.750%		$	8,193.75		$	50,000.00			
1-Nov-40		$	235,000		5.750%		$	6,756.25				$	64,950.00	
1-May-41		$	235,000		5.750%		$	6,756.25		$	55,000.00			
1-Nov-41		$	180,000		5.750%		$	5,175.00				$	66,931.25	
1-May-42		$	180,000		5.750%		$	5,175.00		$	55,000.00			
1-Nov-42		$	125,000		5.750%		$	3,593.75				$	63,768.75	
1-May-43		$	125,000		5.750%		$	3,593.75		$	60,000.00			
1-Nov-43		$	65,000		5.750%		$	1,868.75				$	65,462.50	
1-May-44		$	65,000		5.750%		$	1,868.75		$	65,000.00		$	66,868.75	
						$	879,170.21		$	870,000.00		$	1,749,170.21	

Page 13

Water/Sewer Fund

The Crossings at Fleming Island	WATER/SEWER FUND COMMUNITY DEVELOPMENT DISTRICT		FY2022

	ADOPTED FY2021		ACTUAL THRU		TOTAL PROJECTED AT		APPROVED FY2022	

REVENUES:	 	BUDGET			 	6/30/21			 	9/30/21			 	BUDGET		
Water Revenue	$1,250,000		$897,691		$1,250,000		$1,250,000	
Wastewater Revenue	$2,140,000		$1,668,217		$2,140,000		$2,140,000	
Reclaimed Water Revenue	$810,000		$556,550		$810,000		$810,000	
Service Charges	$58,000		$48,270		$58,000		$58,000	
Debt Capacity Charge	$1,890,000		$1,436,980		$1,890,000		$1,890,000	
Interest/Misc. Income	$42,000		$2,833		$42,000		$42,000	
Carry Forward Surplus	$0		$0		$0		$270,466	
TOTAL REVENUES	$6,190,000		$4,610,541		$6,190,000		$6,460,466	
EXPENDITURES:								
ADMINISTRATIVE:								
Engineering	$1,500		$0		$1,500		$1,500	
Arbitrage	$1,650		$550		$1,650		$1,650	
Dissemination Agent	$1,000		$750		$1,000		$1,000	
District Attorney	$24,000		$15,109		$24,400		$24,000	
Annual Audit	$4,000		$0		$4,000		$4,000	
Trustee Fees	$8,500		$8,095		$8,095		$8,500	
District Manager/Administrator	$71,500		$53,422		$71,500		$71,500	
Computer Time	$1,000		$750		$1,000		$1,000	
Postage	$1,000		$549		$1,000		$1,000	
Insurance	$45,000		$43,951		$43,951		$45,000	
Legal Advertising	$1,000		$0		$1,000		$1,000	
Other Current Charges	$15,000		$0		$15,000		$15,000	
			$11,879					
WATER/WASTEWATER/REUSE:								
Service Charges	$65,000		$48,223		$65,000		$65,000	
Meter Expenses	$1,000		$0		$1,000		$1,000	
Purchased Water	$1,360,000		$936,712		$1,360,000		$1,360,000	
Treated Wastewater	$2,150,000		$1,668,217		$2,150,000		$2,150,000	
Alternative Water Supply	$49,000		$37,789		$49,000		$49,000	
Purchased Reclaimed Water	$190,000		$149,075		$190,000		$190,000	
Repairs & Maintenance	$30,000		$3,129		$30,000		$30,000	
Electric	$35,000		$19,021		$35,000		$35,000	
Capital Outlay	$40,000		$40,813		$100,000		$240,000	
Contingency	$25,000		$0		$25,000		$25,000	
TOTAL OPERATING EXPENSES	 	$4,120,150 		     $3,038,035 		 	$4,179,096 		 	$4,320,150 	
DEBT SERVICE:								
Interest Expense - 4/1	$417,719		$417,719		$417,719		$405,601	
Principal Expense - 10/1	$905,000		$678,750		$905,000		$930,000	
Interest Expense - 10/1	$417,719		$208,860		$417,719		$405,601	
TOTAL DEBT SERVICE	 	$1,740,439 		     $1,305,329 		 	$1,740,438 		 	$1,741,201 	
TOTAL EXPENSES	 	$5,860,589 		     $4,343,364 		 	$5,919,534 		 	$6,061,351 	
EXCESS REVENUES (EXPENDITURES)	 	$329,411 		 	$267,177 		 	$270,466 		 	$399,114 	

Debt Service Coverage (115%)	
119%						
123%	

Page 14

THE CROSSINGS AT FLEMING ISLAND	Series 2016, Utility Refunding Bonds COMMUNITY DEVELOPMENT DISTRICT		Amortization Schedule

PRINCIPAL
DATE	BALANCE	INTEREST	PRINCIPAL	TOTAL

1-Apr-22	$	19,905,000	$	405,600.63	$	-		
1-Oct-22	$	19,905,000	$	405,600.63	$	930,000.00	$	1,741,201.26	
1-Apr-23	$	18,975,000	$	391,828.76	$	-		
1-Oct-23	$	18,975,000	$	391,828.76	$	960,000.00	$	1,743,657.52	
1-Apr-24	$	18,015,000	$	376,547.51	$	-		
1-Oct-24	$	18,015,000	$	376,547.51	$	985,000.00	$	1,738,095.02	
1-Apr-25	$	17,030,000	$	359,827.51	$	-		
1-Oct-25	$	17,030,000	$	359,827.51	$ 1,020,000.00	$	1,739,655.02	
1-Apr-26	$	16,010,000	$	341,737.51	$	-		
1-Oct-26	$	16,010,000	$	341,737.51	$ 1,060,000.00	$	1,743,475.02	
1-Apr-27	$	14,950,000	$	322,375.01	$	-		
1-Oct-27	$	14,950,000	$	322,375.01	$ 1,095,000.00	$	1,739,750.02	
1-Apr-28	$	13,855,000	$	300,671.88	$	-		
1-Oct-28	$	13,855,000	$	300,671.88	$ 1,140,000.00	$	1,741,343.76	
1-Apr-29	$	12,715,000	$	277,729.38	$	-		
1-Oct-29	$	12,715,000	$	277,729.38	$ 1,185,000.00	$	1,740,458.76	
1-Apr-30	$	11,530,000	$	252,529.38	$	-		
1-Oct-30	$	11,530,000	$	252,529.38	$ 1,235,000.00	$	1,740,058.76	
1-Apr-31	$	10,295,000	$	226,254.38	$	-		
1-Oct-31	$	10,295,000	$	226,254.38	$ 1,290,000.00	$	1,742,508.76	
1-Apr-32	$	9,005,000	$	198,804.38	$	-		
1-Oct-32	$	9,005,000	$	198,804.38	$ 1,345,000.00	$	1,742,608.76	
1-Apr-33	$	7,660,000	$	170,179.38	$	-		
1-Oct-33	$	7,660,000	$	170,179.38	$ 1,405,000.00	$	1,745,358.76	
1-Apr-34	$	6,255,000	$	138,986.25	$	-		
1-Oct-34	$	6,255,000	$	138,986.25	$ 1,465,000.00	$	1,742,972.50	
1-Apr-35	$	4,790,000	$	106,440.63	$	-		
1-Oct-35	$	4,790,000	$	106,440.63	$ 1,525,000.00	$	1,737,881.26	
1-Apr-36	$	3,265,000	$	72,565.63	$	-		
1-Oct-36	$	3,265,000	$	72,565.63	$ 1,595,000.00	$	1,740,131.26	
1-Apr-37	$	1,670,000	$	37,128.13	$	-		
1-Oct-37	$	1,670,000	$	37,128.13		$ 1,670,000.00		$	1,744,256.26	
		$	7,958,412.70		$ 19,905,000.00		$	27,863,412.70	

Page 15

The Crossings at Fleming Island
Community Development District
WATER/SEWER FUND BUDGET
Fiscal Year 2022

REVENUES:

Water Revenue	The estimated amount that will be billed to users of the potable water system of the District based upon average monthly consumption, current utility rates in effect and projected number of users during the fiscal year. The billing is handled by Clay County Utility Authority.

Wastewater Revenue   The estimated amount that will be billed to users of the wastewater system of   the District based upon average monthly consumption, current utility rates in effect and projected number of users during the fiscal year.

Reuse Water Revenue  The estimated amount that will be billed to users of the reuse water system of  the District based upon average monthly consumption, current utility rates in effect and projected number of users during the fiscal year.

Service Charges	Returned checks or credit card transactions.

Debt Capacity Charge  A monthly charge established for the purpose of providing sufficient revenues  to pay the annual net debt service requirements for the amortization of the District’s special revenue bonds for the construction of the water distribution, wastewater collection and effluent reuse system.

EXPENDITURES:

Administrative:

Engineering	The District's engineering firm, Hadden Engineering, will be providing general engineering services to the District

Arbitrage	The District is required to have an Arbitrage Rebate Calculation on the District’s Series 2016 Utility Refunding Bonds.

Dissemination Agent The District has contracted with GMS, LLC, to act as the Dissemination Agent for the District to prepare the Annual Disclosure Report required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)- 12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Attorney	The District's legal counsel, Bradley, Garrison & Komando, P.A., will be providing general legal services to the District, including attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc. This expense is shared with the General.

Page 16

The Crossings at Fleming Island
Community Development District
WATER/SEWER FUND BUDGET
Fiscal Year 2022

Annual Audit	The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District is currently contracted with McDirmit Davis & Company LLC for the audit engagement. This expense is shared with the General Fund and the Golf Course Fund.

Trustee	The fee for the administration of the District’s 2016 Utility Refunding Bonds.

District Management/
Administration Fees The District receives Management,  Accounting  and  Administrative  services from their CDD employed District Manager and Governmental Management Services, LLC. This expense is shared with the General Fund.

Computer Time	The District processes all of its financial activities, including accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services, LLC. This expense is shared with the General Fund.

Postage	This item includes mailing of agenda packages, overnight deliveries, correspondence, etc.

Insurance	The District's General Liability & Public Officials Liability and Property Insurance policies are with Egis Insurance and Risk Advisors. This expense is shared with the General Fund and the Golf Course Fund.

Legal Advertising	The District is required to advertise various notices for monthly Board meetings, public hearings etc with Clay Today.

Office Supplies	Cost of miscellaneous office supplies.

Other Current Charges Bank charges and any other miscellaneous expenses

Water/Wastewater/Reuse:

Service Charges	This represents miscellaneous repairs associated with the Water system operation and maintenance performed by Clay County Utility Authority

Meter Expenses	Cost of a meter being set by Clay County Utility Authority. Purchased Water	Cost of bulk water purchased from Clay County Utility Authority. Treated Wastewater	Cost of treat wastewater by Clay County Utility Authority.
Alternative Water
Supply	$1 surcharge on all active water accounts billed by Clay County Utility Authority for the research of alternative water sources.

Purchased Reclaimed
Water	Cost of bulk reclaimed water purchased from Clay County Utility Authority.

Page 17

The Crossings at Fleming Island
Community Development District
WATER/SEWER FUND BUDGET
Fiscal Year 2022

Repairs & Maintenance Cost for repairs and maintenance of CDD water related assets. Electric		Clay Electric Cooperative for service at 4567 Lakeshore Drive East. Capital Outlay	Includes any miscellaneous water associated capital expenditures Debt Service
The District issued $24,650,000 of Series 2016 Utility Refunding Bonds. The following is the annual principal and interest expense due on these bonds for the next fiscal year:

Interest Expense – 4/1/22	$405,600.63	
Principal Expense – 10/1/22	$930,000.00	
Interest Expense – 10/1/22	$405,600.63	
Total	$1,741,201.26	

Page 18

Golf Fund

The Crossings at Fleming Island						GOLF FUND	
COMMUNITY DEVELOPMENT DISTRICT						FY2022	
ADOPTED		ACTUAL		TOTAL		APPROVED	
FY2021		THRU		PROJECTED AT		FY2022	
BUDGET		6/30/21		9/30/21		BUDGET	
REVENUES:							
User Fees - Dues	$371,985		$300,196		$371,985		$430,809	
Greens/Cart Fees	$1,138,535		$960,166		$1,138,535		$1,414,881	
Tournament Golf Income	$96,501		$0		$96,501		$100,998	
Merchandise/Food/Beverage Sale	$1,464,131		$1,165,346		$1,464,131		$1,416,253	
Rental Revenue	$21,426		$39,701		$42,000		$28,371	
Membership Income - Other Fees	$4,332		$3,533		$4,332		$4,400	
Miscellaneous Income	$85,180		$52,626		$85,180		$14,400	
Interest Income/Commissions	$0		$277		$185		$0	
TOTAL REVENUES	$3,182,090		$2,521,846		$3,202,849		$3,410,111	
COST OF GOODS SOLD:							
Cost of Goods Sold	$636,787		$516,905		$636,787		$585,925	
GROSS PROFIT	$2,545,303		$2,004,941		$2,566,062		$2,824,187	

EXPENDITURES:							
Operating Expenses:							
Salaries	$1,101,953		$791,032		$1,101,953		$1,328,324	
Commissions & Bonuses	$18,200		$37,437		$45,000		$33,250	
Rental Commissions	$12,226		$9,486		$12,226		$10,028	
Employee Expenses	$219,345		$165,919		$219,345		$257,209	
Employee Uniforms	$4,430		$4,529		$5,000		$5,800	
Travel & Per Diem	$1,667		$766		$1,667		$3,050	
Training	$2,000		$215		$2,000		$0	
Employee Advertising	$797		$442		$797		$3,200	
Janitorial Expense/Supplies	$24,765		$26,407		$28,000		$27,732	
Tournaments & Events	$45,231		$36,312		$45,231		$22,400	
Centralized Services	$82,090		$64,217		$82,090		$86,975	
Course & Grounds Maintenance	$40,656		$25,802		$40,656		$25,656	
Repairs - Equipment	$39,106		$21,975		$39,106		$32,713	
Repairs - Buildings	$15,897		$7,161		$15,897		$9,600	
Operating Supplies	$101,895		$54,200		$75,000		$72,090	
Demo Equipment Expense	$0		$790		$790		$0	
Office Supplies	$2,778		$3,020		$3,500		$2,400	
Postage	$434		$103		$434		$850	
Printing & Reproduction	$0		$789		$1,000		$450	
Utility Services	$86,891		$53,154		$80,000		$74,655	
Gas/Oil/Propane	$33,763		$19,905		$30,000		$28,768	
Refuse & Potables	$28,624		$19,710		$28,624		$26,007	
Telephone/T1 Line	$7,628		$4,404		$7,628		$8,424	
Security/Pest Control	$8,801		$17,302		$18,000		$5,765	
Music & Cable Service	$12,588		$5,772		$12,588		$12,283	
Dues and Subscriptions	$7,300		$3,663		$7,300		$6,812	
Chemicals	$46,621		$44,142		$46,621		$61,550	
Fertilizer - Course	$47,065		$27,961		$44,000		$53,615	
Sand, Seed & Dressing	$29,000		$25,284		$29,000		$33,900	
Licenses/Permits	$4,211		$3,190		$4,211		$5,689	
Bad Debt Expense	$0		$5,833		$6,000		$0	
Cash Short/Over	$0		($189)		$0		$0	
Miscellaneous	$3,193		$1,098		$3,193		$1,500	
Other Services	$26,988		$5,346		$10,000		$18,195	
Trustee Fees/Bank Charges	$85,702		$62,373		$85,702		$90,946	
Management Fees - Hampton	$86,400		$64,365		$86,400		$86,400	
Rentals & Leases	$226,395		$172,135		$226,395		$225,374	
Lake Maintenance	$30,000		$22,500		$30,000		$30,000	
Insurance	$25,560		$38,228		$38,228		$51,600	
Other Current Charges	$29,640		$21,630		$29,640		$29,640	
District Manager/Administrator	$38,500		$27,481		$38,500		$38,916	
District Attorney	$5,820		$4,528		$5,820		$5,820	
Audit	$5,475		$1,725		$5,475		$5,475	
Non-Recurring/Other/Prior Year	$0		$29,903		$29,903		$185	
TOTAL EXPENDITURES	$2,589,635		$1,932,047		$2,622,920		$2,823,246	
							
Net Operating Income:	($44,332)		$72,894		($56,858)		$941	
Non-Operating Expenses:							
Other Income	$0		$0		$0		$0	
Principal Expense - 10/1	($390,000)		($292,500)		($390,000)		($420,000)	
Interest Expense - 10/1	($57,090)		($57,090)		($57,090)		($44,220)	
Interest Expense - 4/1	($57,090)		($28,545)		($57,090)		($44,220)	
Capital Expenses	$0		$0		$0		$0	
Other Expenses	$0		$0		$0		$0	
Bond Assessment	$0		$0		$0		$0	
TOTAL NON-OPERATING	($504,180)		($378,135)		($504,180)		($508,440)	
							
EXCESS REVENUES (EXPENDITURES)	($548,512)		($305,241)		($561,038)		($507,499)	
Page 19

THE CROSSINGS AT FLEMING ISLAND	Series 1999, Golf Course Revenue Bonds COMMUNITY DEVELOPMENT DISTRICT		Amortization Schedule

PRINCIPAL
DATE	BALANCE	RATE	INTEREST	PRINCIPAL	TOTAL

1-Apr-05	$	5,535,000	6.600%	$	182,655.00	$	-		
1-Oct-05	$	5,535,000	6.600%	$	182,655.00	$	140,000.00	$	505,310.00	
1-Apr-06	$	5,395,000	6.600%	$	178,035.00	$	-		
1-Oct-06	$	5,395,000	6.600%	$	178,035.00	$	150,000.00	$	506,070.00	
1-Apr-07	$	5,245,000	6.600%	$	173,085.00	$	-		
1-Oct-07	$	5,245,000	6.600%	$	173,085.00	$	160,000.00	$	506,170.00	
1-Apr-08	$	5,085,000	6.600%	$	167,805.00	$	-		
1-Oct-08	$	5,085,000	6.600%	$	167,805.00	$	170,000.00	$	505,610.00	
1-Apr-09	$	4,915,000	6.600%	$	162,195.00	$	-		
1-Oct-09	$	4,915,000	6.600%	$	162,195.00	$	180,000.00	$	504,390.00	
1-Apr-10	$	4,735,000	6.600%	$	156,255.00	$	-		
1-Oct-10	$	4,735,000	6.600%	$	156,255.00	$	195,000.00	$	507,510.00	
1-Apr-11	$	4,540,000	6.600%	$	149,820.00	$	-		
1-Oct-11	$	4,540,000	6.600%	$	149,820.00	$	205,000.00	$	504,640.00	
1-Apr-12	$	4,335,000	6.600%	$	143,055.00	$	-		
1-Oct-12	$	4,335,000	6.600%	$	143,055.00	$	220,000.00	$	506,110.00	
1-Apr-13	$	4,115,000	6.600%	$	135,795.00	$	-		
1-Oct-13	$	4,115,000	6.600%	$	135,795.00	$	235,000.00	$	506,590.00	
1-Apr-14	$	3,880,000	6.600%	$	128,040.00	$	-		
1-Oct-14	$	3,880,000	6.600%	$	128,040.00	$	250,000.00	$	506,080.00	
1-Apr-15	$	3,630,000	6.600%	$	119,790.00	$	-		
1-Oct-15	$	3,630,000	6.600%	$	119,790.00	$	270,000.00	$	509,580.00	
1-Apr-16	$	3,360,000	6.600%	$	110,880.00	$	-		
1-Oct-16	$	3,360,000	6.600%	$	110,880.00	$	285,000.00	$	506,760.00	
1-Apr-17	$	3,075,000	6.600%	$	101,475.00	$	-		
1-Oct-17	$	3,075,000	6.600%	$	101,475.00	$	305,000.00	$	507,950.00	
1-Apr-18	$	2,770,000	6.600%	$	91,410.00	$	-		
1-Oct-18	$	2,770,000	6.600%	$	91,410.00	$	325,000.00	$	507,820.00	
1-Apr-19	$	2,445,000	6.600%	$	80,685.00	$	-		
1-Oct-19	$	2,445,000	6.600%	$	80,685.00	$	345,000.00	$	506,370.00	
1-Apr-20	$	2,100,000	6.600%	$	69,300.00	$	-		
1-Oct-20	$	2,100,000	6.600%	$	69,300.00	$	370,000.00	$	508,600.00	
1-Apr-21	$	1,730,000	6.600%	$	57,090.00	$	-		
1-Apr-21	$	1,730,000	6.600%	$	57,090.00	$	390,000.00	$	504,180.00	

1-Apr-22	$
1-Oct-22	$
1-Apr-23	$
1-Oct-23	$
1-Apr-24	$

1,340,000
1,340,000
920,000
920,000
475,000

6.600%	$
6.600%	$
6.600%	$
6.600%	$
6.600%	$

44,220.00
44,220.00
30,360.00
30,360.00
15,675.00

$	-
$	420,000.00
$	-
$	445,000.00
$	-

$	508,440.00

$	505,720.00

$	475,000	6.600%	$	15,675.00		$	475,000.00		$	506,350.00	
		$	4,595,250.00		$	5,535,000.00		$	10,130,250.00	

Page 20

The Crossings at Fleming Island Community Development District
GOLF FUND BUDGET
Fiscal Year 2022

Revenues:

User Fees-Dues:	Patron membership dues for all categories

Green/Cart Fees:	Green and Cart fee revenues

Merchandise/Food/	Golf Shop merchandise sales and all F&B sales (Food, N/A Beverage Sales: Beverage, Beer/Wine, and Liquor)

Rental Revenue:	Room rentals and golf club rentals

Membership Income	Patron Trail Fees, Handicap dues, and Range Dues Other Fees:

Miscellaneous Income:	Cart repair income, Lesson income, Finance charges, and Daily range fees

Expenditures:

Salaries:	Salaried and hourly full time and part time employee’s wages for the Golf Operations, Maintenance, Food and Beverage, and Administrative.

Employee Expenses:	Payroll expenses (Taxes, Workers Comp, Health Insurance, and 401K) Employee Uniforms:	Staff uniforms for all departments
Travel & Per Diem:	Mileage reimbursement and work related travel Training:	Training seminars for staff.
Janitorial Expense:	Janitorial service

Janitorial Supplies:	Janitorial supplies
Tournament & Events:	Member and Resident events (Trivia Night, Invitational tournament, etc) Centralized Services:	Marketing association fees (Fl 1st Coast of Golf), Media buys (Golfers Guide),
Email marketing, Newsletter, CSC office to book tee times (shared labor costs) ,
Promotional advertising, Graphic art work, centralized accounting services.

Page 21

The Crossings at Fleming Island Community Development District
GOLF FUND BUDGET
Fiscal Year 2022

Course & Grounds
Maintenance:	Golf course and irrigation repairs

Repairs – Equipment:	Equipment repairs for Golf, F&B, and Maintenance	equipment. Repairs – Buildings:	Repairs to buildings
Operating Supplies:	Supplies for Golf (Tees, Towels, Practice Balls), F&B (Linen, Serving
Equipment, Paper Supplies), Maintenance Supplies

Office Supplies:	Paper, Envelopes, Register Receipts, etc.

Postage:	Stamps

Printing and Reproduction:	Stationary and letterhead Utility Services:	Electric and Water & Sewer
Gas/Oil/Propane:	F&B Propane, Gas, Diesel, and Hydraulic Oil Refuse and Portables:	Waste removal service
Telephone:	Maintenance Internet, telephone and admin telephone Other Contractual Services:	Alarm and Pest Control services, Aerification contractor Music service:	Music system for the clubhouse
Dues and Subscriptions:	Comcast, FSGA handicap dues, PGA dues, etc Chemicals:	Golf course chemicals
Sand, Seed and Dressing:	Over seed, Top dressing, Divot sand, and Mulch Small Tools:	Hedge Trimmers, Weed Eaters, Chain Saws, etc Licenses/Permits:	Food and Beverage licenses, ASCAP, SESAC Bad Debt Expense:	Write off’s for non-recoverable income
Cash Short/Over:	Point of sale drawers balance

Page 22

The Crossings at Fleming Island Community Development District
GOLF FUND BUDGET
Fiscal Year 2022

Trustee Fees/Bank Charges:	Credit card commissions and Trustee charges Fertilizer - Course	Golf course fertilizers
Management Fees	Golf Club management fees (Hampton) (Hampton Golf):

Rentals and Leases:	Cart fleet, Maintenance equipment, Dishwasher, Irrigation computer and Copier Insurance:	Liability and Property insurance
Other Current Charges:	Real Estate taxes District Attorney:	Attorney fees
District Management
/Administration:	District Manager and GMS, LLC fees.

Lake Maintenance:	Treatment of lakes on GC for algae and weeds Audit:	Audit fees

Non-Operating Expenses

Inter-fund Transfer In:	CDD Assessments

Principle Expense:	Golf Bond Principal Payment

Interest Expenses:	Interest on the Golf Bond

Page 23

The Crossings at Fleming Island CDD
Golf Fund FY2022-2026 Budget Five Year Capital Plan

Fiscal Year	Capital Budget

2022	$	250,000	
2023	$	250,000	
2024	$	250,000	
2025	$	250,000	
2026	$	250,000	

Page 24

Swim & Tennis Fund

The Crossings at Fleming Island	SWIM & TENNIS FUND COMMUNITY DEVELOPMENT DISTRICT		FY2022

	ADOPTED FY2021		ACTUAL THRU		TOTAL PROJECTED AT		APPROVED FY2022	
	BUDGET		6/30/21		9/30/21		BUDGET	
REVENUES:								
User Fees	$80,000		$50,879		$65,000		$55,000	
Lesson Income	$135,000		$121,808		$135,000		$135,000	
CDD Lesson Income	$15,000		$13,812		$15,000		$15,000	
Merchandise/Food/Beverage Sale	$100,000		$95,638		$105,000		$105,000	
TOTAL REVENUES	 	$330,000 		 	$282,137 		 	$320,000 		 	$310,000 	
COST OF GOODS SOLD:								
Cost of Goods Sold	$75,000		$77,871		$78,000		$80,000	
GROSS PROFIT	 	$255,000 		 	$204,267 		 	$242,000 		 	$230,000 	
EXPENDITURES:								
Operating Expenses:								
Salaries	$765,000		$474,492		$765,000		$765,000	
Employee Expenses	$158,000		$112,171		$158,000		$158,000	
Employee Education and Training	$3,500		$3,141		$3,500		$3,500	
Lessons Paid Out	$135,000		$121,808		$135,000		$135,000	
Promotional Activities	$75,000		$40,458		$75,000		$75,000	
Communications and Freight	$20,000		$11,777		$20,000		$20,000	
Customer Service & Advertising	$17,000		$1,848		$10,000		$17,000	
Other Contractual	$10,000		$19,824		$25,000		$15,000	
Repairs & Maintenance	$60,000		$53,151		$58,000		$70,000	
Operating Supplies	$22,000		$16,394		$21,000		$22,000	
Office Supplies	$20,000		$17,596		$20,000		$20,000	
Printing & Binding	$500		$0		$500		$500	
Utility Services	$120,000		$88,828		$117,500		$120,000	
Gas/Oil/Propane	$21,000		$15,152		$21,000		$21,000	
Chemicals	$45,000		$37,371		$45,000		$45,000	
Licenses/Permits	$3,000		$6,842		$7,000		$3,000	
Shrinkage	$0		$0		$0		$0	
Cash Short/Over	$0		$30		$0		$0	
Trustee Fees	$14,000		$9,770		$14,000		$14,000	
District Manager/Administrator	$33,250		$8,596		$33,234		$33,250	
Insurance	$25,000		$18,313		$18,313		$25,000	
Taxes	$0		$14		$14		$0	
Audit	$3,000		$0		$3,000		$3,000	
TOTAL EXPENDITURES	 	$1,550,250 		     $1,057,576 		 	$1,550,061 		 	$1,565,250 	
Non-Operating Income/Expenses:								
Interfund Transfer In - GF	$1,295,250		$971,438		$1,310,639		$1,335,250	
Other Income	$0		$231		$250		$0	
Nonrecurring & Capital Expenses	$0		($842)		($842)		$0	
TOTAL NON-OPERATING	 	$1,295,250 		 	$970,826 		 	$1,310,047 		 	$1,335,250 	
EXCESS REVENUES (EXPENDITURES)	 	$0 		$117,517		$1,986		$0	
Page 25

The Crossings at Fleming Island Community Development District
SWIM & TENNIS FUND BUDGET
Fiscal Year 2022

Revenues:

User Fees:	Pass Holder Income, Guest Fees, Lesson Income, Facility Rental, Activity Income and Finance charges

Merchandise and F&B Sales:	Tennis Merchandise sales and Snack Bar sales (Net of Cost of Goods
Sold)

Roster & League Fees:	This income is generated from fees charged to residents who participate
on USTA, Country Club and other local leagues

Expenditures:

Operating Expenses:

Salaries:	Salaried and hourly full time and part time employee’s wages for the Swim, Tennis, Food and Beverage, Lifestyles, and Administrative

Employee Expenses:	Payroll expenses (Taxes, Workers Comp, Health Insurance, and 401K) Management Fees (Hampton):	Swim and Tennis management fees
Other Contractual:	Pest Control, Muzak, Alarm Service, and Employee Uniforms Travel and Per Diem:	Mileage reimbursement and work-related travel
Bad Debt Expense:	Write off’s for non-recoverable income Communications and Freight:	Telephone, Postage and Waste Removal Utility Services:	Electric and Water & Sewer
Repairs and Maintenance:	Equipment repairs for Swim, Tennis and F&B. This also includes all
building related repairs

Printing & Binding:	Creating of advertising booklets for events

Promotional Activities:	Promotion and event expenses for community events and Lifestyle
events (Haunted Hayride, etc.)

Office Supplies:	Paper, printer cartridges, receipt paper, etc.

Operating Supplies:	Janitorial supplies, first aid equipment, miscellaneous Swim and Tennis
supplies

Gas/Oil/Propane:	Propane for the Snack Bar and Waterfront pool heaters

Page 26

The Crossings at Fleming Island Community Development District
SWIM & TENNIS FUND BUDGET
Fiscal Year 2022

Books/Publications/Subs/	Answer Tech (Boat Storage) USPTA dues, CMAA dues, Sam’s, etc. Memberships:

Centralized Services:	Two T-1 lines, Email marketing, Newsletter, centralized accounting Lessons Paid Out:	Lesson income paid to instructors
Bank Expenses:	Credit card commissions and bank fees

Chemicals:	Pool chemicals

Licenses & Permits:	Licenses and pool permits

Rentals & Leases:	Rental equipment

Insurance:	Liability and property insurance

District Management/	District Management and GMS, LLC fees Administration:

Audit:	Audit fees

Non-Operating Income/Expenses:

Inter-fund Transfer In:	CDD Funds to operate the Swim & Tennis operation, over and above
revenues generated

Page 27

TENTH ORDER OF BUSINESS

B.

----------------------------------------------------------------------------------------------------------------------------------------
July 2021

The Crossings Community Development District 2105 Harbor Lake Drive
Fleming Island, FL 32003
Attn: Steve Andersen and Courtney Hogge
Re: Landscape Services Report – July

Steve & Courtney,
Irrigation Maintenance: Irrigation has been turned off for the past 3-4 weeks due to rainfall.

Fungus/pest/fertilizer applications: Spot treating herbicide applications.

Maintenance: Mowing turf services are in full growing season mode. Started pruning Ligustrum trees.

Annuals: Annual color rotation installed.

Mulch:	N/A

As always, we are highly dedicated in providing a quality product at Eagle Harbor. We will
continue to enhance the landscaping spaces across the community for all its Members, Residents and Guests to enjoy.
We are extremely proud and feel privileged to supply these services to The Crossing at Fleming Island.

Thank you, Jim Proctor

Tree Amigos
5000 -18 Highway 17 #235 Fleming Island, FL 32003 Office: (904) 778-1030 Fax: (904) 778-1045 WWW.TreeAmigosoutdoor.com

C.

EAGLE HARBOR GOLF CLUB PERFORMANCE REPORT
June 2021

Consolidated	Jun-21	Jun-20	Jun-19	Year to Date	Prior Year 20	Prior Year 19	
	Actual	Budget	Variance	Actual	Actual	Actual	Budget	Variance	Actual	Actual	
Revenue	$ 258,609.55	$267,819.08	$ (9,209.53)	$ 247,177.48	$ 279,348.85	$ 2,521,802.54	$ 2,449,050.08	$	72,752.46	$ 2,263,906.88	$ 2,392,889.96	
COGS	$ 58,719.49	$ 58,892.03	$	(172.54)	$ 38,201.39	$ 66,568.67	$ 516,904.60	$	485,881.03	$	31,023.57	$ 445,383.45	$	543,343.50	
Expenses	$ 152,042.42	$163,999.30	$ (11,956.88)	$ 127,506.41	$ 155,156.64	$ 1,311,221.13	$ 1,369,444.48	$ (58,223.35)	$ 1,238,907.52	$ 1,248,407.56	
Admin Expenses	$ 65,501.39	$ 61,340.24	$	4,161.15	$ 68,655.24	$ 64,506.05	$ 620,825.49	$	550,162.53	$	70,662.96	$ 539,518.32	$	499,801.05	
Unadjusted Operating Income	$ (17,653.75)	$ (16,412.49)	$ (1,241.26)	$ 15,362.44	$	912.49	$	72,851.32	$	43,562.04	$	29,289.28	$	70,364.40	$	117,618.34	
Non-recurring Capital Expenses		$	-	$	-	$ 2,548.00	$ 7,795.00	$	26,777.73	$	-	$	26,777.73	$	30,266.81	$	16,280.49	
Adjusted Operating Income	$ (17,653.75)	$ (16,412.49)	$ (1,241.26)	$ 12,814.44	$ (6,882.51)	$	46,073.59	$	43,562.04	$	2,511.55	$	40,097.59	$	101,337.85	

Notes NGF consulting for $3125		
Golf	Jun-21	Jun-20	Jun-19	Year to Date	Prior Year 20	Prior Year 19	
	Actual	Budget	Variance	Actual	Actual	Actual	Budget	Variance	Actual	Actual	
Revenue	$ 160,584.18	$154,542.64	$	6,041.54	$ 172,414.87	$ 144,923.78	$ 1,561,306.87	$ 1,473,334.81	$	87,972.06	$ 1,411,616.84	$ 1,267,591.40	
COGS	$ 22,547.21	$ 18,838.83	$	3,708.38	$ 15,358.92	$ 17,915.49	$ 197,999.15	$	138,945.75	$	59,053.40	$	94,695.93	$	126,307.99	
Course Maint.	$ 62,663.29	$ 73,161.90	$ (10,498.61)	$ 56,098.52	$ 61,765.51	$ 563,482.44	$	555,612.11	$	7,870.33	$ 509,675.49	$	465,496.02	
Golf Expenses	$ 27,773.29	$ 32,116.68	$ (4,343.39)	$ 32,156.60	$ 28,625.68	$ 254,209.74	$	286,015.64	$ (31,805.90)	$ 292,551.69	$	262,917.07	
Gross Profit	$ 47,600.39	$ 30,425.23	$ 17,175.16	$ 68,800.83	$ 36,617.10	$ 545,615.54	$	492,761.31	$	52,854.23	$ 514,693.73	$	412,870.32	
											
Golf Rounds(Total)	3113			3975	3194	32809			34322	30395	
Golf Rnds(outside/member)	2200/913			2870/1105	2318/876	22090/10719			24652/9670	22139/8256	
Membership	139										
											
Talons	Jun-21	Jun-20	Jun-19	Year to Date	Prior Year 20	Prior Year 19	
	Actual	Budget	Variance	Actual	Actual	Actual	Budget	Variance	Actual	Actual	
											
Total FB Revenue	$ 97,926.60	$113,276.44	$ (15,349.84)	$ 74,679.42	$ 134,092.74	$ 960,068.36	$	975,715.27	$ (15,646.91)	$ 850,818.62	$ 1,122,983.36	
Food & NA Revenue	$ 56,720.99	$ 66,855.33	$ (10,134.34)	$ 39,065.06	$ 81,015.97	$ 549,956.48	$	570,921.78	$ (20,965.30)	$ 491,638.43	$	716,140.66	
Alcohol Revenue	$ 37,309.14	$ 44,931.11	$ (7,621.97)	$ 35,071.63	$ 46,972.14	$ 382,469.22	$	396,500.49	$ (14,031.27)	$ 335,079.08	$	393,520.69	
COGS (Food)	$ 24,148.18	$ 25,040.53	$	(892.35)	$ 13,124.23	$ 31,870.97	$ 204,691.89	$	214,331.28	$	(9,639.39)	$ 208,937.84	$	274,842.03	
% COGS (Food)	42.57%	37.45%	5.12%	33.60%	39.34%	37.22%	37.54%	-0.32%	42.50%	38.38%	
COGS (Alcohol)	$ 12,778.10	$ 15,012.67	$ (2,234.57)	$ 9,718.24	$ 16,782.21	$ 114,967.56	$	132,604.00	$ (17,636.44)	$ 116,302.26	$	142,193.48	
% COGS (Alcohol)	34.25%	33.41%	0.84%	27.71%	35.73%	30.06%	33.44%	-3.38%	34.71%	36.13%	
FB Expenses	$ 50,690.48	$ 58,720.72	$ (8,030.24)	$ 39,251.29	$ 64,765.45	$ 482,613.59	$	527,816.73	$ (45,203.14)	$ 436,680.34	$	519,994.47	
Gross Profit	$ 10,309.84	$ 14,502.52	$ (4,192.68)	$ 12,585.66	$ 20,674.11	$ 157,795.32	$	100,963.26	$	56,832.06	$	88,898.18	$	185,953.38	
											
Event Income	$ 9,196.33	$ 13,095.00	$ (3,898.67)	$	6,770.50	$ 29,701.57	$ 161,338.73	$	94,090.00	$	67,248.73	$	168,252.04	$	241,256.15	

D.

Crossings at Fleming Island Community Development District District Manager’s Office
2105 Harbor Lake Dr, Fleming Island, Florida 32003 904-509-6445

Date:	June 2021
To:	CROSSINGS AT FLEMING ISLAND CDD, BOARD OF SUPERVISORS
From:	Steve Andersen, District Manager Re:	Crossings Monthly Facility Report Amenity Centers:
Swim Park
New storage facility was installed
Slide is non-operational due to cracks in 2 sections. Manufacturer has been contacted
Splash pad concrete covering is failing. Manufacturer has been contacted

Tennis Center
Pickleball courts are complete

Waterfront Park
Operations are normal

Creekside
Roof was repaired.
Building was stained

Golf Course
Course recovered quickly following aerification.

Talons
New flooring in Golf Shop was installed in June during shut down b. New waterproof cover installed outside.

Common Areas & Retention Ponds:

1. All lakes have been treated and inspected by the Lake Doctors.

Misc:
Answered numerous phone calls, emails and visits from residents, contractors, vendors and other persons with inquiries. The subjects included, CCUA billing and repairs, golf course maintenance, easement encroachments, nutria, alligators, lake maintenance, FEMA, directions, repairs, drainage (both County and CDD owned), dead trees, vandalism, security, etc
Facilities are inspected on a weekly basis.
Continue to work with Dreamfinders Homes on the pond issue in The Reserve.